Goods and Services Tax: provisional 90% refunds extended to inverted duty refunds and export threshold removed.
Requirements for post-sales discount credit notes and agreement linkage have been removed. Provisional refunds up to 90% are statutorily extended to inverted duty structure refunds. The Rs. 1,000 minimum threshold for refunds on exports with payment of tax is eliminated. Place of supply for intermediary services is shifted to the recipient's location. Existing advance-ruling authorities, including tribunals, are empowered to act as the National Appellate Authority for Advance Ruling pending its constitution. (AI Summary)