GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.

The government's new GST circular clarifies the treatment of trade discounts and credit notes but increases compliance and ...

CBIC Circular 251/08/2025 clarifies GST on post-sale discounts. Learn about ITC availability, taxability of discounts, and rules for promotional ...

GST circular clarifies trade discounts and credit notes, benefiting manufacturers, but FMCG distributors face blocked ITC and ...

The circular addresses doubts raised by industry stakeholders regarding how such discounts affect Input Tax Credit (ITC) and ...

New GST circular clarifies post-sale discounts not taxable as services, providing clarity and festive cheer for businesses.

The GST Council approves provisional refunds of 90% of accumulated Input Tax Credit for businesses with an inverted duty ...

The move comes just days after the September 9, 2025, advisory, which had left several procedural requirements intact and ...

Removes mandatory requirement to affix additional revised price sticker, old packaging can be used till March 31, 2026.

Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...

New circular makes newspaper notices optional and relabelling voluntary, giving FMCG and pharma firms flexibility ahead of ...