https://www.taxtmi.com/article/detailed?id=8241 Section 171 mandates that suppliers must pass on benefits from GST rate reductions or input tax credit to consumers by way of a commensurate reduction in prices. The NAA and DGAP enforce compliance, assess shortfalls, require refunds to identified customers with interest, direct deposits to Consumer Welfare Funds when beneficiaries are unidentifiable, and may monitor implementation; benefits must be passed unit wise, product wise, and cannot be averaged, transferred, or selectively denied. en-us Thu, 15 Nov 2018 07:09:59 +0530 Thu, 15 Nov 2018 07:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8241 Section 171 mandates that suppliers must pass on benefits from GST rate reductions or input tax credit to consumers by way of a commensurate reduction in prices. The NAA and DGAP enforce compliance, assess shortfalls, require refunds to identified customers with interest, direct deposits to Consumer Welfare Funds when beneficiaries are unidentifiable, and may monitor implementation; benefits must be passed unit wise, product wise, and cannot be averaged, transferred, or selectively denied. Articles Goods and Services Tax - GST Thu, 15 Nov 2018 07:09:59 +0530 https://www.taxtmi.com/article/detailed?id=8241