Anti profiteering procedure: Commission framework for assessing pass through of tax rate reductions and input tax credit benefits. The Competition Commission of India's Methodology and Procedure under Rule 126 governs determination of whether tax rate reductions or input tax credit benefits have been passed on by registered persons. The Commission may inquire suo motu or on information, direct the Director General of Anti profiteering to investigate where a prima facie case exists, register and serve investigation reports on interested parties, and after affording opportunity of hearing may close the matter, pass orders, or remand for further investigation.
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Anti profiteering procedure: Commission framework for assessing pass through of tax rate reductions and input tax credit benefits.
The Competition Commission of India's Methodology and Procedure under Rule 126 governs determination of whether tax rate reductions or input tax credit benefits have been passed on by registered persons. The Commission may inquire suo motu or on information, direct the Director General of Anti profiteering to investigate where a prima facie case exists, register and serve investigation reports on interested parties, and after affording opportunity of hearing may close the matter, pass orders, or remand for further investigation.
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