Notification No.: 19/2024 – Central Tax
Date of Notification: 30th September 2024
Relevant Sections and Rules:
- Central GST Act, 2017:
- Section 171(2) – Power of Authority to examine whether ITC benefit or tax rate reduction resulted in commensurate price reduction
Summary of Notification:
This notification, issued under the proviso to Section 171(2) of the CGST Act, 2017, specifies the cut-off date for the functioning of the Authority under Section 171 (Anti-profiteering).
It appoints 1st April 2025 as the date from which the Authority shall not accept any new requests for examination of cases related to:
-Whether input tax credits (ITC) availed by a registered person, or
-Whether reduction in GST rates,
have actually resulted in a commensurate reduction in the prices of goods or services supplied.
This marks the transition of anti-profiteering functions away from the existing Authority, aligning with the empowerment of the GST Appellate Tribunal (Principal Bench) under Notification 18/2024.
The notification comes into force from its publication date, but the bar on new requests will apply from 1st April 2025.