The CBIC vide Notification No. 23/2022-Central Tax and Notification No. 24/2022- Central Tax both dated November 23, 2022 has empowered the Competition Commission of India (“CCI”) established under the Competition Act, 2002 as an authority under Section 171(2) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) with effect from December 1, 2022 to examine whether the Input Tax Credit (“ITC”) 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.
In this regard, some relevant rules (Rules 122,124,125,134,137) to Anti Profiteering have been omitted.
The effective date of notification shall be December 01, 2022.
The Notification No. 23/2022-Central Tax can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009556/ENG/Notifications
The Notification No. 24/2022-Central Tax can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009557/ENG/Notifications
Online Recorded GST Course on:
Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST (September, 2022) by CA. Bimal Jain
₹2,499/- Register Now !!
https://www.a2ztaxcorp.in/product/gst-course-new/
- Inclusive of GST
- Recording of 4 Sessions | 12 Hours
- Updated till September 2022
- The validity of the Recorded Session is 3 Months with Unlimited Viewing.
For details, or any queries,
Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in
 of the CGST Act w.e.f. Dec 01, 2022){kind=link}