https://www.taxtmi.com/article/detailed?id=7470 Section 171 imposes an anti profiteering obligation to pass on tax rate reductions or input tax credit benefits by commensurate price reductions. A National Anti profiteering Authority, supported by Standing and State Screening Committees and a Director General of Safeguards, investigates complaints, determines methodology, and may order price reductions, refunds with interest, recovery for deposit into a consumer welfare fund, penalties, and cancellation of registration; orders require immediate compliance and may be enforced by tax authorities. en-us Wed, 21 Jun 2017 09:40:53 +0530 Thu, 22 Jun 2017 16:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7470 Section 171 imposes an anti profiteering obligation to pass on tax rate reductions or input tax credit benefits by commensurate price reductions. A National Anti profiteering Authority, supported by Standing and State Screening Committees and a Director General of Safeguards, investigates complaints, determines methodology, and may order price reductions, refunds with interest, recovery for deposit into a consumer welfare fund, penalties, and cancellation of registration; orders require immediate compliance and may be enforced by tax authorities. Articles Goods and Services Tax - GST Wed, 21 Jun 2017 09:40:53 +0530 https://www.taxtmi.com/article/detailed?id=7470