https://www.taxtmi.com/article/detailed?id=8103 The statutory Anti-Profiteering Obligation under section 171 mandates that businesses pass on benefits from tax-rate reductions or input tax credit to consumers through commensurate price reductions. In the reported marketplace dispute, invoice analysis showed the supplier retained the same base price while GST rate fell and a discount previously offered from profit was withdrawn; these facts did not establish increase in base price or appropriation of excess tax. The marketplace operator was treated as an intermediary and refund of excess tax to buyers was directed where applicable. en-us Mon, 06 Aug 2018 07:57:36 +0530 Mon, 06 Aug 2018 07:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8103 The statutory Anti-Profiteering Obligation under section 171 mandates that businesses pass on benefits from tax-rate reductions or input tax credit to consumers through commensurate price reductions. In the reported marketplace dispute, invoice analysis showed the supplier retained the same base price while GST rate fell and a discount previously offered from profit was withdrawn; these facts did not establish increase in base price or appropriation of excess tax. The marketplace operator was treated as an intermediary and refund of excess tax to buyers was directed where applicable. Articles Goods and Services Tax - GST Mon, 06 Aug 2018 07:57:36 +0530 https://www.taxtmi.com/article/detailed?id=8103