Anti profiteering obligation: suppliers must pass tax-rate reductions and input tax credit benefits onto consumers or face corrective orders. Suppliers must pass on any tax-rate reduction or the benefit of input tax credit to recipients by way of a commensurate reduction in prices; wilful failure to do so constitutes anti-profiteering. The National Anti-Profiteering Authority determines whether benefits were passed on and may order price reduction, refunds with interest, cancellation of registration, penalties, or deposit into a Consumer Welfare Fund. Complaints follow a tiered process through State Screening Committees, the Standing Committee, the Director General's investigation, and NAA determination, with prescribed forms, evidentiary requirements, and protections for confidential information.
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 obligation: suppliers must pass tax-rate reductions and input tax credit benefits onto consumers or face corrective orders.
Suppliers must pass on any tax-rate reduction or the benefit of input tax credit to recipients by way of a commensurate reduction in prices; wilful failure to do so constitutes anti-profiteering. The National Anti-Profiteering Authority determines whether benefits were passed on and may order price reduction, refunds with interest, cancellation of registration, penalties, or deposit into a Consumer Welfare Fund. Complaints follow a tiered process through State Screening Committees, the Standing Committee, the Director General's investigation, and NAA determination, with prescribed forms, evidentiary requirements, and protections for confidential information.
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