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of <h1>Tax Reductions Must Lower Prices Under Section 171 of Karnataka GST Act 2017; Compliance Monitored by Authorized Authority.</h1> Section 171 of the Karnataka Goods and Services Tax Act, 2017, mandates that any reduction in tax rates or benefits from input tax credits must be reflected in the prices charged to recipients. The Central Government is authorized to establish or empower an existing authority to verify if these tax reductions lead to corresponding price decreases. This authority is tasked with ensuring compliance and has prescribed powers and functions to enforce this anti-profiteering measure.
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