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GOVERNMENT OF KARNATAKA

No. FD 07 CSL 2024 Karnataka Government Secretariat,

Vidhana Soudha,

Bengaluru, dated:16.11.2024

NOTIFICATION (08/2024)

In exercise of the powers conferred by sub-section (2) of section 171 read with sub-

section (1) of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017)

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 Government of Karnataka,

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 be deemed to have come into force with effect from the 1st

day of October, 2024.

By Order and in the name of the

Governor of Karnataka,

(H.R. LALITHA)

Under Secretary to Government,

Finance Department (Exp 2 & 10)

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Part – IVA

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BENGALURU, TUESDAY, 19, NOVEMBER, 2024 (KARTHIKA , 28, SHAKAVARSHA, 1946)

. 556

No. 556

R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19

Licensed to post without prepayment WPP No. 297

THAMMAIAH

Digitally signed by THAMMAIAH

DN: c=IN, st=Karnataka, 2.5.4.20=be54f34f4e31eae50203ca7fab5ceb3794f20a8460a2582ef28294d43b8f8b16,

postalCode=560059, street=BANGALORE, pseudonym=ca58c76cf7e2445d7a4f3f51407e025e,

serialNumber=4d9b284dcc53d39f1425f50485de07dd86efa302a3fce3729eddea0c1b5098e0, ou=GOVERNMENT OF

KARNATAKA, o=GOVERNMENT OF KARNATAKA, cn=THAMMAIAH

Date: 2024.11.20 15:58:40 +05'30'