Anti-profiteering enforcement ensures suppliers pass tax benefits to consumers, enabling orders for price reduction and restitution. The National Anti-Profiteering Authority is empowered to determine whether registered persons have passed on reductions in tax rates or input tax credit benefits to recipients by way of commensurate reduction in prices, employing prescribed methodology. Complaints are screened at state level, may be referred by a Standing Committee for investigation by the safeguards directorate, which gathers evidence and reports to the Authority. Where the Authority finds non pass through, it may order price reduction, restitution with interest, penalties, and cancellation of registration, and enforce compliance through tax recovery mechanisms.
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 enforcement ensures suppliers pass tax benefits to consumers, enabling orders for price reduction and restitution.
The National Anti-Profiteering Authority is empowered to determine whether registered persons have passed on reductions in tax rates or input tax credit benefits to recipients by way of commensurate reduction in prices, employing prescribed methodology. Complaints are screened at state level, may be referred by a Standing Committee for investigation by the safeguards directorate, which gathers evidence and reports to the Authority. Where the Authority finds non pass through, it may order price reduction, restitution with interest, penalties, and cancellation of registration, and enforce compliance through tax recovery mechanisms.
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