https://www.taxtmi.com/article/detailed?id=7380 The GST law imposes an anti profiteering obligation that any reduction in tax rates or benefit from input tax credit must be passed to recipients by way of a commensurate reduction in prices. The Central Government may constitute or empower an authority to examine whether such benefits have been passed on, with powers to monitor compliance and impose prescribed penalties for failure to reduce prices accordingly. en-us Fri, 21 Apr 2017 07:19:03 +0530 Fri, 21 Apr 2017 07:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7380 The GST law imposes an anti profiteering obligation that any reduction in tax rates or benefit from input tax credit must be passed to recipients by way of a commensurate reduction in prices. The Central Government may constitute or empower an authority to examine whether such benefits have been passed on, with powers to monitor compliance and impose prescribed penalties for failure to reduce prices accordingly. Articles Goods and Services Tax - GST Fri, 21 Apr 2017 07:19:03 +0530 https://www.taxtmi.com/article/detailed?id=7380