Post-supply discount compliance requires evidence of recipient input tax credit reversal before tax credit note discounts reduce taxable value.
Post-supply discounts granted through tax credit notes may be excluded from taxable value only when the recipient reverses input tax credit attributable to the discount, in addition to the requirements of a pre-supply agreement and invoice linkage. Pending portal-based verification, suppliers may obtain a CA/CMA certificate, or a recipient undertaking or certificate where the aggregate tax involved is within the prescribed threshold. These records must identify relevant credit notes, invoices, and reversal details, and are admissible evidence in scrutiny, audit, investigation, and other proceedings, including for prior periods.

Reverse-charge self-invoicing determines the input tax credit limitation year for supplies received from unregistered persons.
For reverse-charge supplies received from unregistered persons, the relevant financial year for the input tax credit limitation period is the year in which the registered recipient issues the required self-invoice, not the year of receipt of supply. The recipient must issue the invoice and pay reverse-charge tax in cash. Credit is available on the prescribed tax-paying document, subject to tax payment and applicable input tax credit conditions and restrictions. Delayed self-invoicing and tax payment require payment of interest, and delayed issuance may attract penal action.

Related-party imported services: full input tax credit permits self-invoiced or nil declared value to be treated as open market value.
Imported services received by an Indian registered person from a related foreign person are subject to reverse charge, with self-invoicing by the Indian recipient. Where the recipient is eligible for full input tax credit, the value declared in the self-invoice is deemed to be the open market value for supplies between related persons. If no invoice is issued for a service received from the foreign affiliate, its value may be regarded as nil and treated as the open market value, subject to full input tax credit eligibility.

Place of supply for unregistered recipients follows the invoiced delivery address when billing and delivery addresses differ.
Place of supply for goods supplied to an unregistered person is the recipient's address recorded on the invoice, or the supplier's location where no recipient address is recorded. Recording the recipient's State name is deemed to be recording an address. Where billing and delivery addresses differ, including e-commerce supplies, the delivery address recorded on the invoice determines the place of supply. The supplier may record the delivery address as the recipient's address for this purpose.

Packing-machine compliance requires final-packing details, certified electricity ratings where needed, and principal manufacturer responsibility for unregistered job workers.
The special procedure requires manufacturers to report final-packing machine details in FORM GST SRM-I. Make and model are optional, but machine number is mandatory and may be self-assigned where unavailable. Electricity-consumption rating may be certified by a practicing Chartered Engineer where machine records do not provide it. The procedure excludes Special Economic Zone units and specified manual packing operations. It applies to job workers and contract manufacturers, while the principal manufacturer bears compliance responsibility for an unregistered job worker or contract manufacturer.

Monetary thresholds for departmental GST appeals reduce litigation while preserving merits review and exceptions for recurring legal issues.
Departmental GST appeals, applications and special leave petitions are subject to prescribed monetary thresholds, while every proposed appeal must also be considered on merits. The disputed amount is determined according to whether the dispute concerns tax, interest, penalty, late fee or erroneous refund; composite orders are assessed on the aggregate disputed amount. Thresholds do not apply to constitutional or statutory validity issues, valuation, classification, refunds, place of supply, recurring or interpretative issues, adverse strictures or costs, and matters requiring contest in the interest of justice or revenue. Non-filing solely on monetary grounds creates no precedent or departmental acquiescence.

Recognition of RAASB and IAASB enables BSE to administer RA/IA registration and impose administrative fees while ensuring fee neutrality.
BSE Limited is recognised as RAASB and IAASB for five years from July 25, 2024, and must adopt bye-laws, SOPs and guidance to supervise Research Analysts and Investment Advisers. Applicants for registration or renewal will pay administrative fees specified by RAASB/IAASB; SEBI's amended RA fee schedule takes effect from July 25, 2024, and total fees payable to SEBI and RAASB/IAASB will remain fee-neutral. Applications filed before July 25, 2024 will follow the previous SEBI fee structure, and other terms of SEBI's May 2, 2024 circular continue to apply.

ESOP share reimbursements at cost avoid GST, while foreign holding company markups attract reverse-charge tax liability.
Cost-to-cost reimbursement by a domestic subsidiary to its overseas holding company for ESOP, ESPP or RSU shares issued directly to employees is not an import of services and is outside GST, since securities are neither goods nor services. Stock-based benefits forming part of employment remuneration are likewise outside supply. However, any additional fee, markup or commission charged by the holding company is consideration for facilitation or arrangement services and attracts GST under reverse charge in the hands of the domestic subsidiary.

Post-supply discount compliance requires recipient input tax credit reversal evidence through certified documentation or recipient undertaking where permitted.
Post-supply discounts issued through tax credit notes may be excluded from taxable value only if the recipient reverses input tax credit attributable to the discount. Pending portal-based verification, suppliers may obtain a Chartered Accountant or Cost Accountant certificate detailing the credit notes, linked invoices, reversal amounts, and supporting reversal records. For discounts within the prescribed annual tax threshold, a recipient undertaking or certificate may be used instead. Such evidence is admissible in scrutiny, audit, investigation, and other proceedings, including for past periods.

Reverse-charge input tax credit timing follows the recipient-issued invoice year, subject to tax payment, interest, and statutory conditions.
For reverse-charge supplies received from unregistered persons, the relevant financial year for the input tax credit limitation is the year in which the registered recipient issues the self-invoice. The recipient must issue the invoice, pay reverse-charge tax in cash, and possess the prescribed tax-paying document before availing credit. Credit is subject to the applicable section 16(4) deadline, payment of tax, and other input tax credit conditions and restrictions. Delayed invoice issuance or tax payment may attract interest and penal action.

Full input tax credit permits nil deemed valuation for related-party imported services under reverse charge.
For imported services supplied by a foreign affiliate to a related domestic entity eligible for full input tax credit, the value declared by the domestic recipient in its invoice may be deemed to be the open market value. Where no invoice is issued by the domestic recipient for a service received from the foreign affiliate and full input tax credit is available, the value may be treated as declared at nil and deemed to be the open market value.

Special procedure for specified-commodity manufacturers clarifies machine disclosures, engineer certification, exclusions, and compliance by job workers and principals.
FORM GST SRM-I requires specified-commodity manufacturers to report packing-machine details, with optional make and model information but a mandatory machine number. Where electricity-consumption rating is unavailable from machine specifications or records, it may be calculated and certified by an eligible practicing Chartered Engineer, and the certificate must be uploaded with the form. The procedure excludes Special Economic Zone units and manual packing operations. It applies to all persons involved in job work or contract manufacturing; where such manufacturer is unregistered, the principal manufacturer bears compliance responsibility.

Monetary thresholds for departmental GST appeals require merit-based review while preserving challenges in excluded and recurring matters.
Departmental GST appeals are subject to monetary thresholds before the GST Appellate Tribunal, High Court and Supreme Court, but filing remains contingent on the merits of each case. The disputed amount is determined according to whether tax, interest, penalty, late fee or refund is in issue, with aggregation applying in composite orders. Thresholds do not apply to constitutional or statutory-validity issues, recurring interpretive disputes, adverse strictures or costs, and cases requiring contest in the interests of justice or revenue. Non-filing solely on monetary grounds creates neither precedent nor departmental acquiescence.

Extended warranty taxation distinguishes composite goods supplies from separate service supplies and preserves ITC treatment for warranty replacements.
Warranty replacement treatment applies to replacement of entire goods as well as individual parts. Where a distributor replaces goods or parts from its own stock on behalf of a manufacturer and receives replenishment without separate consideration, no GST is payable on the replenishment and the manufacturer need not reverse input tax credit. Extended warranty supplied by the same supplier at the original sale forms part of a composite supply of goods; where supplied by another person, or after the original sale, it is a separate supply of services.

GST classification clarification: specified goods' applicable rates confirmed and past-period doubts regularized on an as-is-where-is basis.
Clarifications address classification and GST rates for specified goods and regularisation of past-period doubts. Solar cookers using solar and grid power are classified under the relevant machinery heading and attract the prescribed rate. All sprinklers, including fire water sprinklers, attract the prescribed rate and past-period issues are regularized on an as-is-where-is basis. Parts of poultry keeping machinery are explicitly included in the rate schedule and regularized retrospectively. The definition of pre-packaged and labelled excludes agricultural produce in packages over twenty-five kilogram or litre, altering levy applicability, with past-period regularisation. Supplies to or by government agencies for approved subsidy programmes are regularized subject to certification and Input Tax Credit reversal conditions.

Refund entitlement for CSD on inward supplies allowed via new electronic procedure with eligibility and validation requirements specified.
CSDs may file refund claims electronically in FORM GST RFD-10A for fifty per cent of tax paid on inward supplies received for subsequent supply to Unit Run Canteens or authorized customers; claims must be filed quarterly (or clubbed), supported by supplier- and CSD-GSTIN-bearing invoices, an undertaking and declaration, and are permissible only where suppliers have reported the invoices in GSTR-1 and filed GSTR-3B. Proper officers will validate GSTINs and returns, match invoices with portal records (including GSTR-2B), restrict sanctioned refunds to 50% of applicable taxes with portal auto-population (editable downward only), verify ITC reversal where applicable, and issue orders in FORM GST RFD-06.

Refund of additional IGST for post-export price revisions allowed via FORM GST RFD-01, processed by the jurisdictional GST officer.
Procedure for refund of additional IGST paid on account of upward revision in export prices: exporters may file FORM GST RFD-01 electronically for refund processed by the jurisdictional GST officer under rule 89, uploading Statements 9A and 9B and documentary evidence including shipping bills, invoices and proof of payment and foreign exchange remittance; GSTN will provide validated shipping bill and customs refund data to assist verification and the proper officer will scrutinize reporting in outward supplies and GSTR-3B before issuing refund sanction and payment orders.

Valuation of corporate guarantee: annual deemed value or actual consideration governs GST liability on issuance and renewals.
For guarantees issued or renewed on or after the amendment, valuation of the service of providing a corporate guarantee to a banking company or financial institution for a related recipient is the higher of actual consideration and a deemed annual benchmark based on the amount guaranteed multiplied by the number of years the guarantee covers; proportionate valuation applies for periods shorter than a year, and tax is payable on issuance and on each renewal. The value is determined by the amount guaranteed irrespective of actual loan disbursal, and where full input tax credit is available the invoice value is deemed the value of supply.

Pre-deposit stay on recovery: payment via electronic liability ledger or DRC 03A with undertaking suspends recovery until tribunal operates.
Where the first appellate authority has confirmed a demand but the Appellate Tribunal is not yet constituted, taxpayers who intend to appeal may secure a stay on recovery of the remaining confirmed demand by paying an amount equal to the required pre-deposit via the Electronic Liability Ledger (Services Ledgers Payment towards demand) and by submitting an undertaking to the proper officer to file the appeal before the Tribunal when it becomes operative. Payments inadvertently made through FORM GST DRC 03 can be regularised by filing FORM GST DRC 03A on the portal, allowing such payments to be adjusted as pre-deposit; until FORM GST DRC 03A is available, taxpayers may notify proper officers to defer recovery.

CSD refund entitlement: electronic filing with FORM RFD-10A, invoice validation and partial tax refund cap enforced.
CSDs must file refund claims electronically in FORM GST RFD-10A on the common portal, applying quarterly (with an option to club quarters/FYs). Refunds are admissible only for inward supplies received from registered suppliers who have furnished GSTR-1 and filed GSTR-3B; invoices must show supplier GSTIN and CSD GSTIN and be accompanied by an undertaking and declaration. The proper officer will validate invoices against GSTR-2B/GSTR-1/GSTR-3B, exclude already-refunded invoices, ensure a partial tax refund cap, verify ITC reversals, and issue orders in FORM GST RFD-06 with a speaking order.