Tag: profiteering u/s 171 of GST

Principal Bench of the GSTAT to examine whether input tax credits benefit due to reduction in rate passed on to the consumers  Section 171 of the CGST Act 2017 (the Act) empowers the Central Government to take anti-profiteering measures. It provides that any reduction in rate of tax …

Builders asking entire payment before 1st July 2017 or pay higher GST tax incidence for payment made later shall be deemed to be profiteering u/s 171 of GST law Ministry of Finance Press Release 15-June, 2017 The CBEC and States have received several complaints that in view of …