Appeal allows marketing payments as deductible business expenses under Sec.37; director pay retained; R&D deductible from certificate date under Sec.3...
Registration under s.12AB upheld; CIT(Exemptions) exceeded jurisdiction by deciding taxability instead of preliminary verification and registration di...
Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Page of 4826
Press 'Enter' after typing page number.
9881 to 9900 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
State tax authority adopts central GST Policy Wing circular to clarify treatment of secondary/post-sale discounts. Financial or commercial credit notes do not reduce the original transaction value, so recipients need not reverse input tax credit. Post-sale discounts from a manufacturer to a dealer are generally treated as price reductions and not as consideration for the dealer's supply to end customers, unless there is an agreement between manufacturer and end customer making the discount an inducement; such discounts must be included in overall consideration in that case. Discounts are not consideration for separate services unless specific, agreed promotional services with defined consideration are provided.
State tax authority adopts central GST Policy Wing circular to clarify treatment of secondary/post-sale discounts. Financial or commercial credit notes do not reduce the original transaction value, so recipients need not reverse input tax credit. Post-sale discounts from a manufacturer to a dealer are generally treated as price reductions and not as consideration for the dealer's supply to end customers, unless there is an agreement between manufacturer and end customer making the discount an inducement; such discounts must be included in overall consideration in that case. Discounts are not consideration for separate services unless specific, agreed promotional services with defined consideration are provided.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
