- The place of supply rule for intermediary services has been omitted, allowing Indian intermediaries serving foreign clients to treat their services as exports and access zero-rating benefits.
- The requirement for a prior agreement for post-supply discounts has been removed; credit notes can now reduce taxable value, easing valuation disputes in B2B sectors.
- The 90% provisional refund mechanism has been extended to inverted duty structure refunds, improving working capital for sectors like textiles and chemicals.
Source: trilegal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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