The circular addresses doubts raised by industry stakeholders regarding how such discounts affect Input Tax Credit (ITC) and ...

CBIC Circular 251/08/2025 clarifies GST on post-sale discounts. Learn about ITC availability, taxability of discounts, and rules for promotional ...

Understand the implications of GST rate changes on outward supplies, input tax credit, and tax liability. Learn how to handle billing, credit notes, and ...

According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...

The GST Council has eased compliance for businesses, particularly FMCG companies, by removing the requirement to link credit notes to specific invoices. This change addresses a long-standing pain ...

In a clarification issued by the Central Board of Indirect Taxes and Customs (CBIC) on various doubts related to treatment of ...

The circular also stated that post-sale discounts given by manufacturers to dealers would not be treated as consideration for ...

Discounts given by manufacturers to dealers for competitive pricing are not considered as GST for further supplies to ...

Unless FMCG companies provide a clear mechanism for price adjustment, credit notes or compensation, distributors will suffer financial losses once the new rates kick in on 22 September, the All India ...

The GST Council has eased compliance for businesses by eliminating the need to link credit notes to specific invoices, a move that simplifies transactions across the supply chain, especially for FMCG ...

Starting September 22, 2025, the GST on individual health and life insurance premiums will be slashed to zero. However, ...