Anti-profiteering clause. As per Clause 171 of GST Act it is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices. The Supplier of Goods / Services may note the above and quote their prices accordingly.
Appears in 8 contracts
Samples: Annual Rate Contract, Joint Venture Agreement, Joint Venture Agreement
Anti-profiteering clause. As per Clause 171 of GST Act it is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices. The Supplier of Goods / Services may Servicesmay note the above and quote their prices accordingly.
Appears in 4 contracts
Samples: Joint Venture Agreement, Bid Document, Joint Venture Agreement
Anti-profiteering clause. As per Clause 171 of GST Act Act, it is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices. The Supplier of Goods / Services Service Provider may note the above and quote their prices accordingly.
Appears in 4 contracts
Samples: Procurement Agreement, E Tender Document, Tender Agreement
Anti-profiteering clause. As per Clause 171 of GST Act it is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices. The Supplier of Goods / Services Contractor may note the above and quote their prices accordingly.
Appears in 1 contract
Samples: Annual Maintenance Contract
