GST Notification – 18/2024:

This Customs Notification No. 18/2024, dated 30th September 2024, empowers the Principal Bench of the Appellate Tribunal to review whether businesses have passed on the benefits of input tax credits or tax rate reductions to consumers through price reductions. This authority is granted under specific sections of the GST Act, and the notification will be effective from 1st October 2024.