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Statutory provisions of Antiprofiteering Authority - GST Ready Reckoner - GSTExtract ..... eduction in the rate of tax on the supply of goods or services or the benefit of input tax credit has been passed on by the registered person to the recipient by way of commensurate reduction in prices. Rule 127 Duties of the Authority The authority shall discharge the following functions, namely: (i) to determine whether any reduction in the rate of tax on any supply of goods or services or the benefit of input tax credit has been passed on to the recipient by way of commensurate reduction in prices; (ii) to identify the registered person who has not passed on the benefit of reduction in the rate of tax on supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices; (iii) ..... x x x x x Extracts x x x x x Statutory provisions of Antiprofiteering Authority - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... 203; All applications from interested parties shall first be examined by the State level Screening Committee and the Screening Committee shall upon being satisfied that the supplier has contravened the provisions of section 171 , forward the application with its recommendations to the Standing Committee for further action. Time Limit for resolution of application The maximum time envisaged for resolution of cases is 9 months excluding the time taken by the State-level screening committee and the Standing Committee ( maximum 2 months ) for processing the complaints. Rule 129 Investigation (1) The Director General of Anti-profiteering shall conduct investigation and collect evid ..... x x x x x Extracts x x x x x Statutory provisions of Antiprofiteering Authority - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... le 133 Order of The authority Where the Authority determines that a registered person has not passed on the benefit of the reduction in the rate of tax on the supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices, the Authority may order- (a) reduction in prices; (b) return to the recipient, an amount equivalent to the amount not passed on by way of commensurate reduction in prices along with interest at the rate of eighteen per cent. from the date of collection of the higher amount till the date of the return of such amount or recovery of the amount including interest not returned, as the case may be; (c) the deposit of an amount equivalent to fifty per cent of the amount ..... x x x x x Extracts x x x x x Statutory provisions of Antiprofiteering Authority - GST Ready Reckoner - GST x x x x x Extracts x x x x x
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