https://www.taxtmi.com/article/detailed?id=7636 Anti profiteering requires businesses to pass on benefits from reduced tax rates or input tax credit to consumers by commensurate price reduction. Section 171 and Rules 122-137 establish a three tier enforcement structure: State Screening Committees for initial screening, a Standing Committee for examination and referral, the Director General of Safeguards for investigation, and a National Anti Profiteering Authority to determine non compliance and order price reductions, recovery with interest, penalties or registration cancellation. en-us Thu, 28 Sep 2017 06:57:04 +0530 Thu, 28 Sep 2017 06:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7636 Anti profiteering requires businesses to pass on benefits from reduced tax rates or input tax credit to consumers by commensurate price reduction. Section 171 and Rules 122-137 establish a three tier enforcement structure: State Screening Committees for initial screening, a Standing Committee for examination and referral, the Director General of Safeguards for investigation, and a National Anti Profiteering Authority to determine non compliance and order price reductions, recovery with interest, penalties or registration cancellation. Articles Goods and Services Tax - GST Thu, 28 Sep 2017 06:57:04 +0530 https://www.taxtmi.com/article/detailed?id=7636