Rule 126 of CGST Rules 2017: Power to Determine the Methodology and Procedure (Anti-Profiteering)

Rule 126 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Power to Determine the Methodology and Procedure (Anti-Profiteering)

Provisions under Rule 126 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Power to Determine the Methodology and Procedure (Anti-Profiteering)”, as per CGST (2nd Amendment) Rules 2017 notified by CBEC on 28 June 2017, applicable w.e.f. 1 July 2017, are as under:

CGST Rule 126: Power to Determine the Methodology and Procedure (Chapter-XV: Anti-Profiteering) 

The Authority may determine the methodology and procedure for determination as to whether the reduction in the rate of tax on the supply of goods or services or the benefit of input tax credit has been passed on by the registered person to the recipient by way of commensurate reduction in prices.

Related Posts:

CGST (2nd Amendment) Rules, 2017: CGST Notification No. 10/2017

CGST (Amendment) Rules 2017: CGST Notification No. 7/2017

CGST Rules 2017: CGST Notification No. 3/2017 dt. 19 June 2017

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