Central Government, on the recommendations of the Goods and Services Tax Council, empowers the Principal Bench of the Appellate Tribunal to assess Impact of Input Tax Credits and Tax Rate Reductions on Pricing. (Notify Principal Bench of GST Appellate Tribunal to hear cases of anti-profiteering) - 18/2024 - Central GST (CGST)

Anti profiteering: Principal Bench authorised to assess whether tax credits or rate cuts reduced consumer prices.

Authorises the Principal Bench of the Appellate Tribunal to determine whether input tax credits availed by a registered person or a reduction in the tax rate have resulted in a commensurate reduction in the price of goods or services, pursuant to recommendations of the GST Council and under the statutory powers conferred on the Central Government and the Tribunal; the notification also specifies its commencement date.