https://www.taxtmi.com/article/detailed?id=7646 Anti profiteering rules create an authority and committees to determine whether tax rate reductions or input tax credit benefits have been passed on by commensurate price reductions; after committee screening and investigation, the authority may order price reductions, refunds with interest, deposit into a consumer welfare fund, impose penalties equivalent to undue profiteering, or in extreme cases cancel registration, with orders to be issued by majority following an opportunity of hearing and immediate compliance, while the rules remain silent on further appeal and include a two year sunset clause. en-us Wed, 04 Oct 2017 06:05:57 +0530 Wed, 04 Oct 2017 06:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7646 Anti profiteering rules create an authority and committees to determine whether tax rate reductions or input tax credit benefits have been passed on by commensurate price reductions; after committee screening and investigation, the authority may order price reductions, refunds with interest, deposit into a consumer welfare fund, impose penalties equivalent to undue profiteering, or in extreme cases cancel registration, with orders to be issued by majority following an opportunity of hearing and immediate compliance, while the rules remain silent on further appeal and include a two year sunset clause. Articles Goods and Services Tax - GST Wed, 04 Oct 2017 06:05:57 +0530 https://www.taxtmi.com/article/detailed?id=7646