https://www.taxtmi.com/acts?id=27947 A statutory anti-profiteering obligation requires that any reduction in tax rate or benefit of input tax credit be passed to the recipient by way of a commensurate price reduction. The Central Government may, on Council recommendations, constitute or empower an Authority to examine whether such benefits have resulted in corresponding price reductions and that Authority shall exercise powers and discharge functions as prescribed. en-us Mon, 26 Jun 2017 17:19:39 +0530 Mon, 26 Jun 2017 17:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27947 A statutory anti-profiteering obligation requires that any reduction in tax rate or benefit of input tax credit be passed to the recipient by way of a commensurate price reduction. The Central Government may, on Council recommendations, constitute or empower an Authority to examine whether such benefits have resulted in corresponding price reductions and that Authority shall exercise powers and discharge functions as prescribed. Act-Rules GST - States Mon, 26 Jun 2017 17:19:39 +0530 https://www.taxtmi.com/acts?id=27947