Understand the implications of GST rate changes on outward supplies, input tax credit, and tax liability. Learn how to handle billing, credit notes, and ...
The circular addresses doubts raised by industry stakeholders regarding how such discounts affect Input Tax Credit (ITC) and ...
The government's new GST circular clarifies the treatment of trade discounts and credit notes but increases compliance and ...
To help businesses, professionals, and consumers navigate this transition, here’s a complete FAQ on the revised GST rates, ...
GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.
The circular also stated that post-sale discounts given by manufacturers to dealers would not be treated as consideration for ...
ABP News on MSN
GST Circular Brings Clarity For Manufacturers, But FMCG Distributors Face Cash Flow Pressures
GST circular clarifies trade discounts and credit notes, benefiting manufacturers, but FMCG distributors face blocked ITC and ...
The 56th GST Council, convened on September 3, 2025, announced significant GST regime revisions effective September 22, 2025. These changes streamline the tax structure to two rates: 5% for essential ...
No ITC reversal required for financial credit notes. Explains when discounts are 'consideration' or payment for ...
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