CBIC empowers GST Tribunal to handle anti-profiteering cases from Oct 1, 2024.
The CBIC issued Notification No. 18/2024 – Central Tax dated September 30, 2024 empowers the Principal Bench of the Appellate Tribunal, constituted under sub-section (3) of section 109 of the said Act, to examine whether input tax credits 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 that registered person, with effect from the 1st day of October, 2024.
Source : https://taxinformation.cbic.gov.in/view-pdf/1010167/ENG/Notifications
