https://www.taxtmi.com/article/detailed?id=8432 Suppliers must pass the benefit of a tax rate reduction to ultimate consumers or, if not identifiable, deposit the unpassed amount into the consumer welfare fund. GST rules prescribe a procedural methodology for calculating the commensurate reduction, though computations will differ by case and the supplier is responsible for arriving at the amount. The authority's remit is to determine whether the benefit was passed, not to set prices; practical or legal difficulties do not justify retaining the tax benefit. Corroborative evidence and factual substantiation may defend a supplier in particular cases. en-us Tue, 26 Mar 2019 06:50:05 +0530 Tue, 26 Mar 2019 06:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8432 Suppliers must pass the benefit of a tax rate reduction to ultimate consumers or, if not identifiable, deposit the unpassed amount into the consumer welfare fund. GST rules prescribe a procedural methodology for calculating the commensurate reduction, though computations will differ by case and the supplier is responsible for arriving at the amount. The authority's remit is to determine whether the benefit was passed, not to set prices; practical or legal difficulties do not justify retaining the tax benefit. Corroborative evidence and factual substantiation may defend a supplier in particular cases. Articles Goods and Services Tax - GST Tue, 26 Mar 2019 06:50:05 +0530 https://www.taxtmi.com/article/detailed?id=8432