Amendment status not verified — confirm the current text below against the official source.
ln the Principal Act, in Section 171 ,- (a) in sub-section (2), the following proviso and Explanation shall be inserted, namely:- 'Provided that the Government may by notification, on the recommendations of the Council, specify the date from which the said Authority shall not accept any request for examination as to whether input tax credits availed by any regastered person or the reduction in the tiax rate have actually resulted in a commensurate reduction in the price ofthe goods orservices or both supplied by him. Explanation. -For the purposes of this sub-section, "request for examination" shall mean the written application filed by an applicant requesting forexamination as to whether inputtax 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.'; (b) the Explanation shall be renumbered as Explanation 1 thereof, and after Explanation 1 as so renumbered, the Explanation shall be inserted, namely:- 'Explanation 2.- For the purposes of this section, the expression "Authority" shall include the ''Appellate Tribunal".