Section 171
Anti-profiteering measure
In force
Section 171. Anti-profiteering measure.
(1) Any reduction in rate of tax on any supply of goods or services or both 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 to examine whether input tax credits availed or the reduction in the tax rate have actually resulted in a commensurate reduction in the price.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-171.html
- Source confidence: Pending verification
Quick facts
- Section
- 171
- Chapter
- XXI
- Amendments
- 0
- Notifications
- 0
- Circulars
- 0
- Case laws
- 0
- Linked rules
- 16