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of <h1>Amendment to Section 171: Authority Deadline Set for Examining Tax Credit and Rate Reduction Impact on Prices.</h1> Section 171 of the Central Goods and Services Tax Act is amended to include a proviso and explanation in sub-section (2). The government, upon the Council's recommendation, can notify a date beyond which the Authority will not accept requests to examine if input tax credits or tax rate reductions have led to a proportional price reduction in supplied goods or services. A 'request for examination' is defined as a written application for such an examination. Additionally, the term 'Authority' now includes the 'Appellate Tribunal.' These changes take effect from September 27, 2024, as per Notification No. 17/2024-Central Tax.
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