May 02, 2024
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Can action be taken under the anti-profiteering provisions in case benefit of transitional credit availed is not passed to the consumers?
The benefit of transitional input tax credit allowed under Section 140 (3) of the CGST Act, 2017, is required to be passed on to the recipient by way of reduced prices.
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reduced-pricestransitionalinput-tax-creditunder-section-140--3-recipient