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of <h1>Decision on Passing Tax Benefits Within 3 Months; Possible Penalties Include Price Reduction, Refund with Interest, or Registration Cancellation</h1> The Authority must decide within three months if a registered person has passed on tax rate reductions or input tax credit benefits to recipients through price reductions. If requested, a hearing is granted to interested parties. If it is determined that benefits were not passed on, the Authority may order price reductions, return the excess amount with 18% interest, recover and deposit unclaimed amounts, impose penalties, or cancel registration under the Act.
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