The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax...
Businesses receiving post-sale discounts in the form of financial or commercial credit notes without tax adjustments do not need to reverse input tax credit (ITC), the Central Board of Indirect Taxes and Customs (CBIC) has...
India’s consumption sector, traditionally seen as a defensive haven during market volatility, is in the midst of a rare and sharp underperformance —...