GST New Rules From November 1, Here's How Discounts, Input Tax Credit & Refunds Will Change?
New Delhi: The government has issued a notification introducing changes to the Goods and Services Tax (GST) framework from November 1, 2026. The revised provisions are expected to affect businesses, particularly those operating in the fast-moving consumer goods (FMCG) and retail sectors. The changes cover GST adjustments on post-supply discounts, reversal of input tax credit (ITC), refunds and…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
