The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces ...
The proposed GST amendments simplify post-sale discount rules, expand refund benefits, and correct place-of-supply provisions. The changes aim to reduce litigation, improve cash flow, and align GST ...
In a renewed crackdown on tax evasion, the income tax department has started re-examining several previously concluded assessment cases. The reassessment cases are largely focused on businesses ...
Central and state tax officials have suggested the option of online GST registration with live photo and use of biometrics to weed out the menace of fake firms claiming input tax credit, sources said.
GST Network has issued an advisory on reporting retail sale price-based valuation for tobacco products like pan masala in e-Invoice, e-Way Bill, GSTR-1, and Invoice Furnishing Facility. This move, ...
The Goods and Services Tax (GST) in India is an indirect tax that has replaced many previous indirect taxes such as excise duty, VAT, and service tax. GST is levied on the supply of goods and services ...
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