Tag: Muthoot Microfin

GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say

BusinessSeptember 13, 2025

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 get relief as CBIC eases ITC rules

EconomySeptember 13, 2025

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...