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

Provisions under Rule 126 of CGST Rules, 2017 relating to “Power to Determine the Methodology and Procedure (Anti-Profiteering)”:

CGST Rule 126: Power to Determine the Methodology and Procedure (Chapter XV: Anti-Profiteering) [*1]

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.

Notes (History of Amendments in Bare Text):

1. CGST Rule 126 introduced vide Notification 10/2017, effective 01/07/2017.