Rule 127 of CGST Rules -Duties of the Authority

Rule 127 of CGST Rules -Duties of the Authority

(updated as on 15.11.2017)

It shall be the duty of the Authority,-

(i) to determine whether any reduction in the rate of tax on any supply of goodsor services or the benefit of input tax credit has been passed on to therecipient by way of commensurate reduction in prices;

(ii) to identify the registered person who has not passed on the benefit of reductionin the rate of tax on supply of goods or services or the benefit of input taxcredit to the recipient by way of commensurate reduction in prices;

(iii) to order,

(a) reduction in prices;

(b) return to the recipient, an amount equivalent to the amount notpassed on by way of commensurate reduction in prices along withinterest at the rate of eighteen percent. from the date of collection ofthe higher amount till the date of the return of such amountor recovery of the amount not returned, as the case may be, in casethe eligible person does not claim return of the amount or is notidentifiable, and depositing the same in the Fund referred to insection 57;

(c) imposition of penalty as specified in the Act; and

(d) cancellation of registration under the Act.

[(iv) to furnish a performance report to the Council by the tenth of the close of eachquarter.](Inserted vide Notification No. 34/2017 Central Tax dated 15.09.2017)

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CHAPTER XV ANTI-PROFITEERING Chapter XV of CGST Rules, 2017 consists of sixteen rules relating to ANTI-PROFITEERING under the GST regime. All this rules are available for your ready reference. Rule 122 :Constitution of the Authority Rule 123 :Constitution of the Standing Committee and Screening Committees Rule 124 :Appointment, salary, allowances and other terms and conditions of service ofthe Chairman and Members of the Authority Rule 125 :Secretary to the Authority Rule 126 : Power to determine the methodology and procedure Rule 127 : Duties of the Authority Rule 128 : Examination of application by the Standing Committee and ScreeningCommittee Rule 129 : Initiation and conduct of proceedings Rule 130 : Confidentiality of information Rule 131 : Cooperation with other agencies or statutory authorities Rule 132 : Power to summon persons to give evidence and produce documents Rule 133 : Order of the Authority Rule 134 : Decision to be taken by the majority Rule 135 : Compliance by the registered person Rule 136 : Monitoring of the order Rule 137 : Tenure of Authority