Anti-profiteering Measure – Section 163 of New Draft Model GST Law

By | November 27, 2016
(Last Updated On: November 27, 2016)

Anti-profiteering Measure

Section 163 of Draft Model GST Law 

[ Released by CBEC on 25.11.2016 ]

  1. 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.


Taxheal   Editor Note : New The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST Council for approval are placed in the public domain for information of trade, industry and other stake holders. on 25.11.2016 :-

Draft Model GST Law,

Draft IGST Law and

Draft Compensation Law ]

Earlier, the Draft Model GST Law was put in public domain in the month of June, 2016 for comments

[Related Post Download:  Old Draft Model GST Law -june 2016 ]

Other Post

Schedule V of New Draft Model GST Law -Person Liable to be Registered

Leave a Reply

Your email address will not be published. Required fields are marked *