Input tax credit pass-through: Competition Commission empowered to examine if tax credits or rate cuts led to commensurate price reductions. Empowers the Competition Commission to examine whether input tax credits availed by a registered person or reductions in the tax rate have resulted in a commensurate reduction in the price of goods or services supplied by that person, with the State Government conferring this investigatory competence on the Commission on the recommendation of the Council and specifying the commencement date for the empowerment.
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.
Input tax credit pass-through: Competition Commission empowered to examine if tax credits or rate cuts led to commensurate price reductions.
Empowers the Competition Commission to examine whether input tax credits availed by a registered person or reductions in the tax rate have resulted in a commensurate reduction in the price of goods or services supplied by that person, with the State Government conferring this investigatory competence on the Commission on the recommendation of the Council and specifying the commencement date for the empowerment.
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