Sudden increase in prices leading to inflation to a great extent

Section 171(1) casts responsibility to pass on the benefit of GST to the recipients. ITC on all inputs can be adjusted against output tax.It is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer as an anti-profiteering measure

The Authority will determine the method and procedure for determining whether the reduction in rate or the benefit of input tax credit has been passed on by the seller to the buyer by reducing the prices.

 

Duties of the Authority–

1. Determine whether the reduction in tax rate or the benefit of input tax credit has been passed on by the seller to the buyer by reducing the prices.
2. Identify the taxpayer who has not passed on the benefit
3. The Authority will exist for 2 years from the date on which the Chairman enters upon his office unless the Council recommends otherwise.

The reason behind such anti-profiteering measures is to protect the masses, the government should also ensure honest taxpayers are not harassed by these provisions.

in Chennai one famous multi product show room sells goods by collecting GST without mentioning the GST no and Shop Address To whom to complaint ? I have evidence of purchase bill

Thank you so much Dhirajlal sir.
I totally agree with you Sir.
But in the current senario post GST it seems that there is no reduction done in the prices by the suppliers .
So the consumer is not getting the benefit of reduced prices,as constructed in GST law.
Every one is experiencing the burden of increased prices, especially the poor.
Especially in case of food items this can be experienced.
Why the Anti profiteering provision as per section 171 does not seem to work in the way it is intended?

@ Krishna sir
Charging GST without GST no. and address is grossly wrong on that seller's part.No excuse can be allowed for this.
May be according to me ,first you can have a dialogue with the seller enquiring him about this matter about not mentioning the registration number and still collecting GST on sale of any product , before informing the department.

@ Krishna sir
Charging GST without GST no. and address is grossly wrong on that seller's part.No excuse can be allowed for this.
May be according to me ,first you can have a dialogue with the seller enquiring him about this matter about not mentioning the registration number and still collecting GST on sale of any product , before informing the department.