Dealers will have to pay 18 per cent goods and services tax (GST) on the post-sale discount that their supplier gives to them if it asks them to do promotional activities or pass on the concessions to the end consumer.
Source: Business-Standard
Latest Posts in "India"
- Goa Notifies VAT Amendment Act 2026: Strengthens Composition Scheme, Settlement, and Refund Procedures
- GST Not Applicable on Assignment of Leasehold Rights; Eligible for Refund on Past Payments
- ICAI Releases Revised 2026 Handbook on Cross-Border Transactions, Investments, and International Taxation
- High-Value Transactions Now Automatically Reported to Tax Authorities, Even If Not Disclosed in ITR
- GST Compliance for CFOs: Strategic Risk Mitigation and Operational Efficiency in Indian Enterprises
