https://www.taxtmi.com/acts?id=29961 Any reduction in the rate of tax on supplies of goods or services, or the benefit of input tax credit, must be passed on to recipients by commensurate reduction in prices. The Central Government may constitute or empower an Authority to examine whether registered persons have actually passed on such tax rate reductions or input tax credit benefits, and that Authority shall exercise such powers and discharge such functions as may be prescribed. en-us Wed, 05 Jul 2017 18:18:04 +0530 Wed, 05 Jul 2017 18:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29961 Any reduction in the rate of tax on supplies of goods or services, or the benefit of input tax credit, must be passed on to recipients by commensurate reduction in prices. The Central Government may constitute or empower an Authority to examine whether registered persons have actually passed on such tax rate reductions or input tax credit benefits, and that Authority shall exercise such powers and discharge such functions as may be prescribed. Act-Rules GST - States Wed, 05 Jul 2017 18:18:04 +0530 https://www.taxtmi.com/acts?id=29961