Passing on tax benefit: Authority sets methods to verify if suppliers reduced prices commensurately for recipients. Rule 126 empowers the Authority to determine the methodology and procedure for assessing whether a registered person has passed on a reduction in the rate of tax or the benefit of input tax credit to recipients by way of a commensurate reduction in prices.
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.
Passing on tax benefit: Authority sets methods to verify if suppliers reduced prices commensurately for recipients.
Rule 126 empowers the Authority to determine the methodology and procedure for assessing whether a registered person has passed on a reduction in the rate of tax or the benefit of input tax credit to recipients by way of a commensurate reduction in prices.
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