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 ...
The circular also stated that post-sale discounts given by manufacturers to dealers would not be treated as consideration for ...
GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.
No ITC reversal required for financial credit notes. Explains when discounts are 'consideration' or payment 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 ...
Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...
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