https://www.taxtmi.com/article/detailed?id=15818 Post-supply discounts will be excluded from taxable value if the supplier issues a credit note and the recipient reverses the attributable input tax credit under section 34; Section 34(1) is amended to make such discounts an express ground for credit-note issuance. Provisional refund scope is expanded to include unutilised input tax credit from inverted duties and export refunds below the monetary threshold are payable for taxed exports. A transitional clause permits existing authorities to hear advance-ruling appeals until the national appellate body is constituted. The special place-of-supply rule for intermediary services is omitted, bringing intermediaries within the general recipient-location rule and triggering reverse charge for inbound intermediary services. en-us Thu, 05 Feb 2026 09:17:59 +0530 Thu, 05 Feb 2026 09:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15818 Post-supply discounts will be excluded from taxable value if the supplier issues a credit note and the recipient reverses the attributable input tax credit under section 34; Section 34(1) is amended to make such discounts an express ground for credit-note issuance. Provisional refund scope is expanded to include unutilised input tax credit from inverted duties and export refunds below the monetary threshold are payable for taxed exports. A transitional clause permits existing authorities to hear advance-ruling appeals until the national appellate body is constituted. The special place-of-supply rule for intermediary services is omitted, bringing intermediaries within the general recipient-location rule and triggering reverse charge for inbound intermediary services. Articles Budget - Tax Proposals Thu, 05 Feb 2026 09:17:59 +0530 https://www.taxtmi.com/article/detailed?id=15818