CBIC notified that the Principal Bench of the

Oct 04, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance The Central Board of Indirect Taxes and Customs (CBIC) on September 30, 2024, issued the notification stating that the Principal Bench of the Appellate Tribunal is now empowered 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 that registered person.