Section 171 of CGST Act 2017: Anti Profiteering Measure

Section 171 : “Anti Profiteering Measure” (CGST Act, 2017)

Provisions under Section 171 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Anti Profiteering Measure”, are as under:

(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 in 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.

Related Posts:

Appointed Date (1 July 2017) for Applicability of Certain Sections: CGST Notification No. 9/2017

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

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

One Response

  1. Prakhar Jun 24, 2017

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