Anti-profiteering measure.

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..... the Council, by notification, constitute an Authority, or empower an existing Authority constituted under any law for the time being in force, to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him. (3) The Authority referred to in sub .....

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..... it of input tax credit to the recipient by way of commensurate reduction in the price of the goods or services or both. ] ********** Notes 1. Inserted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-01-2020 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementin .....

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