https://www.taxtmi.com/article/detailed?id=8224 Suppliers must pass on GST rate reductions at the time of supply; subsequent events cannot negate that obligation. A distributor who failed to reduce the sale price, increased base prices to offset tax cuts, or relied on returns, credit notes, or quantity increases without holding stock acquired at the lower rate was found to have contravened the pass through duty. The regulator directed immediate commensurate price reduction, benefit transfer to customers, and imposed a monetary penalty along with liability for any tax not reduced or short paid. en-us Tue, 30 Oct 2018 09:57:53 +0530 Tue, 30 Oct 2018 09:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8224 Suppliers must pass on GST rate reductions at the time of supply; subsequent events cannot negate that obligation. A distributor who failed to reduce the sale price, increased base prices to offset tax cuts, or relied on returns, credit notes, or quantity increases without holding stock acquired at the lower rate was found to have contravened the pass through duty. The regulator directed immediate commensurate price reduction, benefit transfer to customers, and imposed a monetary penalty along with liability for any tax not reduced or short paid. Articles Goods and Services Tax - GST Tue, 30 Oct 2018 09:57:53 +0530 https://www.taxtmi.com/article/detailed?id=8224