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…
Last Updated:September 05, 2025, 15:50 IST Indian benchmark indices opened higher on Friday, tracking firm global cues, with GIFT Nifty futures also pointing to a positive start Sensex Today Sensex Today: Indian benchmark indices ended Friday’s session on a mixed note after a volatile day of trade. The BSE Sensex, which opened higher, slipped to…
New Delhi: Aiming to herald one of the biggest reforms in the country, the 56th GST Council meeting is all set to discuss the two-slab tax structure proposed by the Centre’s to reduce GST rates on over 150 items as part of a comprehensive rate revision. The two-day meeting, starting Wednesday, is chaired by Finance…
Read More “2-Day GST Council Meet Aims To Cut Compliance Burdens, Benefit Small Businesses” »
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation. She stated that the average tax under the previous indirect tax regime was 15.8 per cent, under GST it has now come down to…
NEW DELHI: Continuing the upward trend, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago.During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth, reaching Rs 14.97 lakh…
Read More “GST collections rise 10% to Rs 1.64 lakh cr in December – Times of India” »
