Section 171 Assam GST Act 2017 : Anti profiteering Measure

By | July 30, 2017
(Last Updated On: July 30, 2017)

 Section 171 Assam GST Act 2017

( Section 171 Assam GST Act 2017  Explains Anti profiteering Measure  and is Covered in CHAPTER XXI MISCELLANEOUS PROVISIONS)

Anti profiteering Measure

171. (1) 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.

(2) The Central Government may, on recommendations of the Council, by notification, constitute an Authority, or empower an existing Authority constituted under any law for the time being m 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-section (2) shall exercise such powers and discharge such functions as may be prescribed.


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