Indirect Taxation News - Latest Updates & Headlines
No ITC reversal needed on post-sale discounts: CBIC
New Delhi, Sep 13: The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on how secondary or post-sale discounts will be treated under the Goods and Services Tax (GST).
Average tax under GST dips from 15.8 % to 11.3 %: Nirmala Sitharaman in Rajya Sabha
New Delhi, February 11: 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.