https://www.taxtmi.com/acts?id=26011 Any reduction in the rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices. The Central Government may, on recommendations of the Council, constitute an Authority or empower an existing Authority to examine whether input tax credits availed or tax rate reductions have resulted in commensurate price reductions, and that Authority shall exercise such powers and functions as may be prescribed. en-us Sat, 17 Jun 2017 12:35:09 +0530 Sat, 29 Jul 2017 12:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26011 Any reduction in the rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices. The Central Government may, on recommendations of the Council, constitute an Authority or empower an existing Authority to examine whether input tax credits availed or tax rate reductions have resulted in commensurate price reductions, and that Authority shall exercise such powers and functions as may be prescribed. Act-Rules GST - States Sat, 17 Jun 2017 12:35:09 +0530 https://www.taxtmi.com/acts?id=26011