https://www.taxtmi.com/acts?id=25070 Any reduction in tax rate or benefit of input tax credit must be passed on to the recipient by way of a commensurate reduction in prices. The Central Government may, on council recommendation, constitute or empower an Authority to examine whether registered persons have passed on such benefits, and that Authority shall exercise such prescribed powers and functions to verify compliance. en-us Thu, 11 May 2017 12:47:59 +0530 Thu, 11 May 2017 12:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25070 Any reduction in tax rate or benefit of input tax credit must be passed on to the recipient by way of a commensurate reduction in prices. The Central Government may, on council recommendation, constitute or empower an Authority to examine whether registered persons have passed on such benefits, and that Authority shall exercise such prescribed powers and functions to verify compliance. Act-Rules GST - States Thu, 11 May 2017 12:47:59 +0530 https://www.taxtmi.com/acts?id=25070