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of <h1>Rule 133 mandates tax reduction benefits be passed to consumers; penalties or actions if non-compliance is found.</h1> Under Rule 133 of the Central Goods and Services Tax Rules, 2017, the Authority must determine within six months whether a registered person has passed on tax reduction benefits to recipients through price reductions. If not, the Authority can order price reductions, refunds with interest, deposits into a specified fund, penalties, or cancellation of registration. Interested parties can request a hearing, and the Authority may seek clarifications from the Director General of Anti-profiteering. Further investigations can be ordered if necessary, and new inquiries can be initiated for additional goods or services if contraventions are suspected.
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