https://www.taxtmi.com/article/detailed?id=7762 Anti-profiteering requires that reductions in tax rates or the benefit of input tax credit be passed to recipients by way of a commensurate reduction in prices. An Authority will determine non-passage, identify responsible registered persons, and may order price reduction, refund of the unpassed amount with interest, recovery and deposit into the Consumer Welfare Fund, imposition of penalties, or cancellation of registration. A three-tier mechanism-State Level Screening Committee, Standing Committee, and Director General of Safeguards-handles complaints, evidence assessment, and investigations for enforcement. en-us Mon, 11 Dec 2017 07:40:51 +0530 Mon, 11 Dec 2017 07:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7762 Anti-profiteering requires that reductions in tax rates or the benefit of input tax credit be passed to recipients by way of a commensurate reduction in prices. An Authority will determine non-passage, identify responsible registered persons, and may order price reduction, refund of the unpassed amount with interest, recovery and deposit into the Consumer Welfare Fund, imposition of penalties, or cancellation of registration. A three-tier mechanism-State Level Screening Committee, Standing Committee, and Director General of Safeguards-handles complaints, evidence assessment, and investigations for enforcement. Articles Goods and Services Tax - GST Mon, 11 Dec 2017 07:40:51 +0530 https://www.taxtmi.com/article/detailed?id=7762