The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces valuation ...
Courts have held that the two-year limit under Section 54 is not mandatory in all cases. Where the refund claim is genuine, bonafide, and causes no revenue loss, procedural delay cannot defeat ...
India's GST collections rose 6.2% to Rs 1.93 lakh crores in January, reflecting steady but modest growth as the economy entered 2026. Data released by the Minis ...
The engineering exports industry proposes faster refunds and targeted green incentives to unlock cash flows, lower energy ...
The Indian engineering exports industry is urging for GST relief and tax parity for MSMEs in the upcoming Union Budget 2026 to enhance export competitiveness.
The changes aim to omit the requirement of establishing the discount in terms of an agreement entered into before or at the ...