CBIC empowers CCI for examination of input tax credit.

Nov 24, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Tax and Customs, (CBIC) on November 23, 2022, issued a press release empowering The Competition Commission of India to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.

•This shall come into effect from December 01, 2022

[Notification No. No. 23/2022]


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