Offences_And_Penalties
Section 87 : General disciplines related to penalty – Offences And Penalties
June 10, 2017
Offences_And_Penalties
Section 88 : Power of Adjudication – Offences And Penalties
June 10, 2017

Section 163 : Anti-profiteering Measure – Miscellaneous Provisions

Miscellaneous_Provisions

163. Anti-profiteering Measure

(1) The Central Government may by law constitute an Authority, or entrust an existing Authority constituted under any law, to examine whether input tax credits availed by any registered taxable person or the reduction in the price on account of any reduction in the tax rate have actually resulted in a commensurate reduction in the price of the said goods and/or services supplied by him.

(2) The Authority referred to in sub-section (1) shall exercise such functions and have such powers, including those for imposition of penalty, as may be prescribed in cases where it finds that the price being charged has not been reduced as aforesaid.

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