https://www.taxtmi.com/article/detailed?id=10838 Section 171 imposes an anti-profiteering obligation to pass on tax-rate reductions and input tax credit benefits as commensurate price reductions; it empowers an authority to examine compliance and to order price reduction, refund with interest or deposit in the Consumer Welfare Fund, impose penalties and cancel registration. Executive notifications transfer these examination and enforcement functions from the National Anti-Profiteering Authority to the Competition Commission and omit the rules governing the Authority's constitution, appointment, procedures and tenure, making the Competition Commission the permanent enforcement authority. en-us Mon, 28 Nov 2022 14:59:53 +0530 Mon, 28 Nov 2022 14:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10838 Section 171 imposes an anti-profiteering obligation to pass on tax-rate reductions and input tax credit benefits as commensurate price reductions; it empowers an authority to examine compliance and to order price reduction, refund with interest or deposit in the Consumer Welfare Fund, impose penalties and cancel registration. Executive notifications transfer these examination and enforcement functions from the National Anti-Profiteering Authority to the Competition Commission and omit the rules governing the Authority's constitution, appointment, procedures and tenure, making the Competition Commission the permanent enforcement authority. Articles Goods and Services Tax - GST Mon, 28 Nov 2022 14:59:53 +0530 https://www.taxtmi.com/article/detailed?id=10838