Notification No. 18/2024-Central Tax [N11-3KW]
As at 7 September 2026. In force from 1 October 2024.
In exercise of the powers conferred by sub-section (2) of section 171 read with sub-section (1) and second proviso to sub-section (5) of section 109 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Goods and Services Tax Council, hereby empowers the Principal Bench of the Appellate Tribunal, constituted under sub- section (3) of section 109 of the said Act, 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.
2. This notification shall come into force with effect from the 1st day of October, 2024.
[No. CBIC-20016/25/2024-GST]
(Raghavendra Pal Singh) Director.
Made under
Recital: "In exercise of the powers conferred by sub-section (2) of section 171 read with sub-section (1) and second proviso to sub-section (5) of section 109 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Goods and Services Tax Council". Names second proviso to sub-section (5) of section 109 of the Central Goods and Services Tax Act, 2017 [S10-9PA]. Vires verified.
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