Apr 26, 2024
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What are some of the instances in which the statutory provisions of anti-profiteering will kick in?

The different situations in which Section 171 of CGST Act, 2017 & the identical provision in State/ UT GST Act will get attracted include:

i. reduction in tax rate;

ii. benefit of Input Tax Credit (ITC) available to the registered person/ supplier.

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section-171instancesinput-tax-creditreduction-in-tax-ratestatutoryavailablecgst-act--2017registered-person