The circular also stated that post-sale discounts given by manufacturers to dealers would not be treated as consideration for services ...
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 ...
The government's new GST circular clarifies the treatment of trade discounts and credit notes but increases compliance and ...
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 ...
New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...
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