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Tag: Cgst Act

Centre Releases Complete Rs 1.10 Lakh Cr GST Compensation Shortfall
GST Officials Asked To Ensure Consumers Benefit From Rate Cut Of COVID-Related Items

In terms of Section 171 of the CGST Act, 2017, the suppliers of goods and services should pass on the benefit of any reduction in the rate of tax or the benefit of input tax credit to the recipients by way of commensurate reduction in prices.