Ministry of Finance, via Notification No. 19/2024 – Central Tax, dated September 30, 2024, has declared that the Authority under Section 171 of the GST Act, 2017, will no longer accept requests for Anti-Profiteering examination of whether input tax credits availed or tax rate reductions have led to price reductions in goods or services. This change, effective from April 1, 2025, is based on the recommendations of the GST Council and follows the proviso to Section 171(2) of the Act. The decision aims to conclude the existing mechanism for examining price adjustments linked to tax benefits. The notification takes effect from the date of its publication in the Official Gazette.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 19/2024 – Central Tax | Dated: 30th September, 2024
S.O. 4269(E).—In exercise of the powers conferred by proviso to sub-section (2) of section 171 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Goods and Services Tax Council, hereby appoints the 1st day of April, 2025 as the date from which the Authority referred to in the said section shall not accept any request for examination as to 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.
2. This notification shall come into force on the date of its publication in the Official Gazette.
[F. No. CBIC-20016/25/2024-GST]
RAGHAVENDRA PAL SINGH, Director
