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of <h1>GST Circular: Taxpayers Must Pass Benefits to Consumers u/s 171 or Face Penalties.</h1> The circular from the Office of the Commissioner of Goods & Service Tax in Aurangabad addresses GST taxpayers regarding anti-profiteering measures under Section 171 of the CCST Act. It mandates that taxpayers must pass on benefits from input credits or price reductions to customers. Non-compliance could result in penalties and cancellation of registration. Buyers are urged to verify that they receive these benefits and report any discrepancies with invoices to designated officers. The notice aims to enhance enforcement of CST laws and ensure tax benefits reach consumers, especially in rural areas.
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