Key GST Amendments Proposed in Finance Bill 2026: Discounts, Refunds, Appeals, and SEZ Clarifications

• Post-sale discounts can now be given via credit notes without a prior agreement, if the recipient reverses the related input tax credit.
• Provisional refund facility extended to cases of inverted duty structure, improving liquidity for affected taxpayers.
• Minimum monetary threshold for export-related tax refunds removed, allowing claims of any amount.
• Mandatory pre-deposit of 10% of penalty introduced for appeals where only penalty is disputed, to reduce frivolous litigation.
• Clarification added that goods warehoused in SEZ/FTWZ before home consumption are not considered supply for GST, and no GST refund is available for such transactions.

Source: lexplosion.in

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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