Important Keyword: section 171, Notification No.24/2022 – CT, Rule 122.
Table of Contents
GST Explanation – For the purposes of this Chapter,
1 [(a)“Authority” means the Authority notified under sub-section (2) of section 171 of the Act;]
(b) “Committee” means the Standing Committee on Anti-profiteering constituted by the Council in terms of sub-rule (1) of rule 123 of these rules;
(c) “interested party” includes-
a. suppliers of goods or services under the proceedings; and
b. recipients of goods or services under the proceedings;
2 [c. any other person alleging, under sub-rule (1) of rule 128 , that a registered person has Not passed on the benefit of reduction in the rate of tax on any supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices.]
(d) “Screening Committee” means the State level Screening Committee constituted in terms of sub-rule (2) of rue 123 o f these rules.
1. Substituted (w.e.f. 01.12.2022) for “(a) “Authority” means the National Anti-profiteering Authority constituted under rule 122 ;” vide Notification No.24/2022 – CT dated 23.11.2022.
2. Inserted vide Notification No.14/2018 – CT dated 23.03.2018.
Official Income Tax Return filing website: https://incometaxindia.gov.in/
