https://www.taxtmi.com/article/detailed?id=8425 Anti profiteering under Section 171 requires a demonstrable reduction in tax incidence and a commensurate reduction in prices; complaints were dismissed where the statutory tax rate did not fall, the supplier's base price excluding tax remained unchanged after a rate reduction, or no post reduction invoices/documents were produced to show that the tax benefit was withheld. Authorities compare pre and post rate revision invoices and effective tax burdens to determine whether the benefit was passed to recipients. en-us Fri, 22 Mar 2019 06:00:59 +0530 Fri, 22 Mar 2019 06:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8425 Anti profiteering under Section 171 requires a demonstrable reduction in tax incidence and a commensurate reduction in prices; complaints were dismissed where the statutory tax rate did not fall, the supplier's base price excluding tax remained unchanged after a rate reduction, or no post reduction invoices/documents were produced to show that the tax benefit was withheld. Authorities compare pre and post rate revision invoices and effective tax burdens to determine whether the benefit was passed to recipients. Articles Goods and Services Tax - GST Fri, 22 Mar 2019 06:00:59 +0530 https://www.taxtmi.com/article/detailed?id=8425