Anti-profiteering obligations require suppliers to pass tax-rate or input credit benefits through commensurate price reductions. Any reduction in the rate of tax on supplies or the benefit of input tax credit must be passed on to recipients by a commensurate reduction in price, and the Central Government may constitute or empower an Authority to examine whether such benefits have been reflected in price reductions, exercising prescribed powers and functions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Anti-profiteering obligations require suppliers to pass tax-rate or input credit benefits through commensurate price reductions.
Any reduction in the rate of tax on supplies or the benefit of input tax credit must be passed on to recipients by a commensurate reduction in price, and the Central Government may constitute or empower an Authority to examine whether such benefits have been reflected in price reductions, exercising prescribed powers and functions.
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