https://www.taxtmi.com/acts?id=27227 Section 171 requires that reductions in tax rates or the benefit of input tax credit be passed to recipients by commensurate price reductions, and empowers the Central Government to notify or designate an Authority to examine compliance and exercise prescribed powers and functions to verify that registered persons have translated tax or credit benefits into reduced prices. en-us Fri, 23 Jun 2017 12:47:40 +0530 Fri, 23 Jun 2017 12:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27227 Section 171 requires that reductions in tax rates or the benefit of input tax credit be passed to recipients by commensurate price reductions, and empowers the Central Government to notify or designate an Authority to examine compliance and exercise prescribed powers and functions to verify that registered persons have translated tax or credit benefits into reduced prices. Act-Rules GST - States Fri, 23 Jun 2017 12:47:40 +0530 https://www.taxtmi.com/acts?id=27227