https://www.taxtmi.com/article/detailed?id=8342 Section 171 requires passing reductions in tax rates and input tax credit benefits to recipients by commensurate price reduction. Allegations of profiteering fail where tax rates did not fall, where unchanged base prices yield lower final prices after rate reduction, where invoice comparisons show post GST base prices decreased reflecting increased ITC, or where reduced discounts derive from profit margin rather than taxable base. en-us Fri, 25 Jan 2019 07:44:15 +0530 Fri, 25 Jan 2019 07:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8342 Section 171 requires passing reductions in tax rates and input tax credit benefits to recipients by commensurate price reduction. Allegations of profiteering fail where tax rates did not fall, where unchanged base prices yield lower final prices after rate reduction, where invoice comparisons show post GST base prices decreased reflecting increased ITC, or where reduced discounts derive from profit margin rather than taxable base. Articles Goods and Services Tax - GST Fri, 25 Jan 2019 07:44:15 +0530 https://www.taxtmi.com/article/detailed?id=8342