Anti-profiteering review empowers tribunal bench to assess if tax credits or rate cuts produced commensurate price reductions. The notification empowers the Principal Bench of the Appellate Tribunal to determine whether input tax credits availed by registered persons or reductions in tax rates have resulted in a commensurate reduction in the price of goods or services, authorizing the tribunal to assess the causal link between tax benefits and supplier pricing and making this verification mechanism operative from the specified commencement date.
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 review empowers tribunal bench to assess if tax credits or rate cuts produced commensurate price reductions.
The notification empowers the Principal Bench of the Appellate Tribunal to determine whether input tax credits availed by registered persons or reductions in tax rates have resulted in a commensurate reduction in the price of goods or services, authorizing the tribunal to assess the causal link between tax benefits and supplier pricing and making this verification mechanism operative from the specified commencement date.
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