TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Commensurate price reduction: Authority may order price cuts, refunds and penalties when tax benefits aren't passed on.</h1> The Authority must, within three months of receiving the Director General of Safeguards' report, determine whether a registered person has passed on the benefit of a reduction in tax rate or input tax credit by way of a commensurate reduction in prices, grant an opportunity of hearing on written request, and when benefit has not been passed on may order price reduction, return of amounts with interest or recovery and deposit in the Fund, imposition of prescribed penalties, and cancellation of registration.
TaxTMI 
TaxTMI 
