https://www.taxtmi.com/circulars?id=60940 Section 171(1) requires that reductions in tax rates or the benefit of input tax credit be passed to recipients by way of commensurate price reductions; failure to recalibrate prices after GST implementation and to pass on Input Tax Credit or lower rates may invite action under the Anti-Profiteering Rules, 2017, and trade associations are asked to inform their members of this compliance obligation. en-us Fri, 08 Sep 2017 00:00:00 +0530 Mon, 13 May 2019 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60940 Section 171(1) requires that reductions in tax rates or the benefit of input tax credit be passed to recipients by way of commensurate price reductions; failure to recalibrate prices after GST implementation and to pass on Input Tax Credit or lower rates may invite action under the Anti-Profiteering Rules, 2017, and trade associations are asked to inform their members of this compliance obligation. Circulars GST Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60940