https://www.taxtmi.com/article/detailed?id=9506 Section 171 of the CGST Act, 2017 mandates that any reduction in tax rate or benefit of input tax credit be passed to recipients by way of a commensurate reduction in prices. The statutory enforcement process involves DGAP investigation, comparison of pre change average base prices with post change invoice base prices to compute any excess realization, and application of rules governing recovery, deposit to consumer welfare funds where recipients are not identifiable, interest on collected amounts, and potential penalties for contravention. en-us Tue, 13 Oct 2020 11:41:33 +0530 Tue, 13 Oct 2020 11:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9506 Section 171 of the CGST Act, 2017 mandates that any reduction in tax rate or benefit of input tax credit be passed to recipients by way of a commensurate reduction in prices. The statutory enforcement process involves DGAP investigation, comparison of pre change average base prices with post change invoice base prices to compute any excess realization, and application of rules governing recovery, deposit to consumer welfare funds where recipients are not identifiable, interest on collected amounts, and potential penalties for contravention. Articles Goods and Services Tax - GST Tue, 13 Oct 2020 11:41:33 +0530 https://www.taxtmi.com/article/detailed?id=9506