https://www.taxtmi.com/article/detailed?id=9459 Section 171 imposes an anti profiteering obligation requiring commensurate price reductions when tax rates fall or when benefits of Input Tax Credit are availed. The designated Authority may examine compliance, identify registered persons who failed to pass on benefits, order price reductions, direct return of unpassed amounts with interest, require deposits into the specified fund if recipients are unidentifiable, and impose penalties or cancel registration. en-us Wed, 09 Sep 2020 09:56:55 +0530 Wed, 09 Sep 2020 09:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9459 Section 171 imposes an anti profiteering obligation requiring commensurate price reductions when tax rates fall or when benefits of Input Tax Credit are availed. The designated Authority may examine compliance, identify registered persons who failed to pass on benefits, order price reductions, direct return of unpassed amounts with interest, require deposits into the specified fund if recipients are unidentifiable, and impose penalties or cancel registration. Articles Goods and Services Tax - GST Wed, 09 Sep 2020 09:56:55 +0530 https://www.taxtmi.com/article/detailed?id=9459