The government has brought much-needed clarity and a dose of festive cheer with a new GST circular, stating that post-sale discounts are not taxable as services. This is a big win for companies, ...
Section 54 provides a complete framework for GST refunds, including timelines and conditions. Courts have clarified strict ...
The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...
KFin Technologies announces GST-exclusive brokerage payouts for mutual fund distributors from April 1, streamlining ...
A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.