Category: CGST RULE

Rule 129. Initiation and conduct of proceedings. – (1) Where the Standing Committee is satisfied that there is a prima-facie evidence to show that the supplier has Not passed on the benefit of reduction in the rate of tax on the supply of goods or services or the benefit of input tax credit to the […]

Rule 128. Examination of application by the Standing Committee and Screening Committee. – (1) The Standing Committee shall, within a period of two months from the date of the receipt of a written application 1 [or within such extended period Not exceeding a further period of one month for reasons to be recorded in writing as may be […]

Rule 127. Duties of the Authority. – It shall be the duty of the Authority,- (i) to determine whether any reduction in the rate of tax on any supply of goods or services or the benefit of input tax credit has been passed on to the recipient by way of commensurate reduction in prices; (ii) to identify […]

Rule 126. Power to determine the methodology and procedure. –   The Authority may determine the methodology and procedure for determination as to whether the reduction in the rate of tax on the supply of goods or services or the benefit of input tax credit has been passed on by the registered person to the recipient […]

1 [ Rule 125. Secretary to the Authority . – An officer Not below the rank of Additional Commissioner (working in the 2 [Directorate General of Anti-profiteering]) shall be the Secretary to the Authority.] 1. Substituted for the word “Safeguards” vide Notification No. 14/2018-CT dated 23.03.2018. 2. Substituted vide Notification No.29/2018-CT dated 06.07.2018 w.e.f. 12.06.2018 for “The Additional Director General of Safeguards under the […]

Rule 124. Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority: – (1) The Chairman and Members of the Authority shall be appointed by the Central Government on the recommendations of a Selection Committee to be constituted for the purpose by the Council. (2) The Chairman shall […]

Rule 123. Constitution of the Standing Committee and Screening Committees. – (1) The Council may constitute a Standing Committee on Anti-profiteering which shall consist of such officers of the State Government and Central Government as may be nominated by it. (2) A State level Screening Committee shall be constituted in each State by the State Governments […]

CHAPTER XV ANTI-PROFITEERING   Rule 122. Constitution of the Authority. – The Authority shall consist of, – (a) a Chairman who holds or has held a post equivalent in rank to a Secretary to the Government of India; and (b) four Technical Members who are or have been Commissioners of State tax or central tax 1 [for at […]

Rule 121. Recovery of credit wrongly availed.- The amount credited under sub-rule (3) of rule 117 may be verified and proceedings under section 73 or, as the case may be, section 74 shall be initiated in respect of any credit wrongly availed, whether wholly or partly.  

1 [Rule 120A. 2 [ Revision of declaration in FORM GST TRAN-1 ] Every registered person who has submitted a declaration electronically in FORM GST TRAN-1 within the time period specified in rule 117 , rule 118, rule 119 and rule 120 may revise such declaration once and submit the revised declaration in FORM GST TRAN-1 electronically on the common portal within the time period specified in the said rules or such further […]