Rule 126 of CGST Rules 2017: Power to Determine the Methodology and Procedure (Anti-Profiteering)

Provisions under Rule 126 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Power to Determine the Methodology and Procedure (Anti-Profiteering)”, are as under:

CGST Rule 126: Power to Determine the Methodology and Procedure (Chapter-XV: Anti-Profiteering) 

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 by way of commensurate reduction in prices.

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Note: The CGST Rules 2017 along with the prescribed Forms were initially notified vide Central Tax Notifications 3/2017 dt. 19/06/2017 (Rule 1 to 26), 10/2017 dt. 28/06/2017 (Rules 27 to 138) and 15/2017 dt. 01/07/2017 (Rules 139 to 162). These Rules/ Forms were subsequently amended by CBIC through various Notifications issued from time to time. Information on this page is a Rule-wise compilation of Amendments made by all such Notifications upto 29/12/2021, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website.