https://www.taxtmi.com/article/detailed?id=7753 The statute creates a statutory anti profiteering regime empowering an authority to examine business cost bases and determine whether tax rate reductions or enhanced input tax credits from GST have been passed to consumers, with power to recover gains not passed on. Effective enforcement depends on access to price data, clear measurement methods to isolate tax related price effects from other commercial factors, and calibrated procedures to distinguish legitimate profit from unlawful profiteering. en-us Mon, 04 Dec 2017 16:34:00 +0530 Mon, 04 Dec 2017 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7753 The statute creates a statutory anti profiteering regime empowering an authority to examine business cost bases and determine whether tax rate reductions or enhanced input tax credits from GST have been passed to consumers, with power to recover gains not passed on. Effective enforcement depends on access to price data, clear measurement methods to isolate tax related price effects from other commercial factors, and calibrated procedures to distinguish legitimate profit from unlawful profiteering. Articles Goods and Services Tax - GST Mon, 04 Dec 2017 16:34:00 +0530 https://www.taxtmi.com/article/detailed?id=7753