https://www.taxtmi.com/article/detailed?id=7756 The document outlines the statutory anti profiteering obligation under Section 171 of the GST law requiring suppliers to pass on benefits from reduced tax rates or input tax credit to recipients by way of commensurate price reductions, and describes a three tier enforcement structure (National Authority, Standing Committee, State Screening Committees) empowered to order price reductions, refunds or deposits to a consumer welfare fund, recover undue profiteering, levy penalties and, in extreme cases, cancel registration. en-us Wed, 06 Dec 2017 07:52:45 +0530 Wed, 06 Dec 2017 07:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7756 The document outlines the statutory anti profiteering obligation under Section 171 of the GST law requiring suppliers to pass on benefits from reduced tax rates or input tax credit to recipients by way of commensurate price reductions, and describes a three tier enforcement structure (National Authority, Standing Committee, State Screening Committees) empowered to order price reductions, refunds or deposits to a consumer welfare fund, recover undue profiteering, levy penalties and, in extreme cases, cancel registration. Articles Goods and Services Tax - GST Wed, 06 Dec 2017 07:52:45 +0530 https://www.taxtmi.com/article/detailed?id=7756