Rule 133 of CGST Rules - Order of the Authority

Rule 133 of CGST Rules - Order of the Authority

(updated as on 15.11.2017)

(1) The Authority shall, within a period of three monthsfrom the date of the receipt of the report from the Director General of Safeguards determinewhether a registered person has passed on the benefit of the reduction in the rate of tax onthe supply of goods or services or the benefit of input tax credit to the recipient by way ofcommensurate reduction in prices. (2) An opportunity of hearing shall be granted to the interested parties by the Authoritywhere any request is received in writing from such interested parties. (3) Where the Authority determines that a registered person has not passed on the benefit ofthe reduction in the rate of tax on the supply of goods or services or the benefit of input taxcredit to the recipient by way of commensurate reduction in prices, the Authority may order-90.

(a) reduction in prices;

(b) return to the recipient, an amount equivalent to the amount not passed on by way of commensurate reduction in prices along with interest at the rate of eighteen percent.from the date of collection of the higher amount till the date of the return of suchamount or recovery of the amount including interest not returned, as the case may be,in case the eligible person does not claim return of the amount or is not identifiable,and depositing the same in the Fund referred to in section 57;

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

(d) cancellation of registration under the Act.

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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

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