https://www.taxtmi.com/article/detailed?id=8520 Anti-profiteering scrutiny under Section 171 focuses on whether a supplier failed to pass on a reduction in the rate of tax or an increase in input tax credit. Here, invoice analysis showed total tax incidence rose with GST and net base prices post-discount remained stable or decreased slightly for some models. The investigative conclusion was that no reduction in the rate of tax or increase in input tax credit occurred that would activate the obligation to pass on benefit, and therefore anti-profiteering provisions were not attracted on these facts. en-us Thu, 30 May 2019 09:33:48 +0530 Thu, 30 May 2019 09:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8520 Anti-profiteering scrutiny under Section 171 focuses on whether a supplier failed to pass on a reduction in the rate of tax or an increase in input tax credit. Here, invoice analysis showed total tax incidence rose with GST and net base prices post-discount remained stable or decreased slightly for some models. The investigative conclusion was that no reduction in the rate of tax or increase in input tax credit occurred that would activate the obligation to pass on benefit, and therefore anti-profiteering provisions were not attracted on these facts. Articles Goods and Services Tax - GST Thu, 30 May 2019 09:33:48 +0530 https://www.taxtmi.com/article/detailed?id=8520