- Punjab’s Assembly approved GST Act amendments to simplify compliance, reduce disputes, and make refunds easier for businesses and exporters.
- The changes extend the 90% provisional ITC refund benefit to inverted duty structure cases.
- They also allow credit notes for post-sale discounts even without prior agreements.
Source: a2ztaxcorp.net
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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