Pass-through of tax or input credit: suppliers must reduce prices to reflect tax rate cuts or credit benefits. Section 171 requires that reductions in tax rates or benefits of input tax credit be passed to recipients through a commensurate reduction in prices. The Central Government may, on Council recommendation, constitute or empower an Authority to examine whether suppliers have implemented such price reductions, and that Authority shall exercise prescribed powers and functions to ensure compliance.
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.
Pass-through of tax or input credit: suppliers must reduce prices to reflect tax rate cuts or credit benefits.
Section 171 requires that reductions in tax rates or benefits of input tax credit be passed to recipients through a commensurate reduction in prices. The Central Government may, on Council recommendation, constitute or empower an Authority to examine whether suppliers have implemented such price reductions, and that Authority shall exercise prescribed powers and functions to ensure compliance.
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