Anti-profiteering requirement: tax-rate cuts and input tax credit benefits must be passed on through price reductions. Anti-profiteering requires that any reduction in the tax rate or the benefit of input tax credit be passed to recipients by a commensurate reduction in price; the Central Government may constitute or empower an Authority to examine compliance and such Authority shall exercise prescribed powers and functions to determine whether registered persons have passed on these benefits.
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 requirement: tax-rate cuts and input tax credit benefits must be passed on through price reductions.
Anti-profiteering requires that any reduction in the tax rate or the benefit of input tax credit be passed to recipients by a commensurate reduction in price; the Central Government may constitute or empower an Authority to examine compliance and such Authority shall exercise prescribed powers and functions to determine whether registered persons have passed on these benefits.
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