Apr 26, 2024
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What are the statutory provisions of anti-profiteering in GST law?
Section 171 of CGST Act, 2017, provides that any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.
Chapter XV of the CGST Rules, 2017 comprising of 16 Rules (Rule 122 to Rule 137), contains the detailed mechanism and procedure.
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anti-profiteeringstatutory-provisionsrecipientgoods-or-servicesmechanism