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Tag: goods and services tax

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

Posted on September 13, 2025 By Admin No Comments on GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say – The Times of India
GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say – The Times of India

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 (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services carried…

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GST collections up 16%, fastest since Oct 2022 – Times of India

Posted on June 1, 2025 By Admin No Comments on GST collections up 16%, fastest since Oct 2022 – Times of India
GST collections up 16%, fastest since Oct 2022 – Times of India

Goods and Services Tax (GST) NEW DELHI: Goods and services tax (GST) collections rose 16.4% to Rs 2,01,050 crore in May, the fastest pace of expansion since Oct 2022, on the back of a jump in taxes on imports.Latest data estimated that during May (for transactions in April), GST collections from imports rose 25.2% to…

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