CBIC Clears Air On Input Tax Credit: No ITC Reversal Needed On Post-Sale Discounts

CBIC Clears Air On Input Tax Credit: No ITC Reversal Needed On Post-Sale Discounts

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has issued a detailed clarification on the Goods and Services Tax (GST) treatment of secondary or post-sale discounts, following multiple industry representations seeking clarity on their impact on tax liability and input tax credit (ITC). According to the circular, when suppliers issue financial or…

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FMCG Distributors Seek Clear Guidelines On GST 2.0 Reforms

FMCG Distributors Seek Clear Guidelines On GST 2.0 Reforms

New Delhi: The All India Consumer Products Distributors Federation (AICPDF), the apex body representing FMCG distributors, has urged the government to issue clear guidelines on the proposed GST reforms to avoid trade disruptions and pricing confusion. The appeal comes after the Group of Ministers (GoM) approved the Centre’s recommendation for a simplified two-slab GST structure….

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Value of 5 in top-10 companies increased by ₹ 60,677 crore: SBI’s market cap increased by ₹ 20,446 crore in a week; Market also gained 740 points this week

Value of 5 in top-10 companies increased by ₹ 60,677 crore: SBI’s market cap increased by ₹ 20,446 crore in a week; Market also gained 740 points this week

No news Business Reliance | Top 10 Companies Market Cap 16 August 2025 List; SBI LIC  SBI HDFC Bank Mumbai6 minutes ago Copy link In terms of market valuation, the market value of 5 of the top-10 companies in the country has increased by Rs 60,677 crore in this week’s business. At the same time,…

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Value of 6 in top-10 companies fell ₹ 1.36 lakh crore: Reliance’s market cap decreased by ₹ 34,711 crore; This week market broken 742 points

Value of 6 in top-10 companies fell ₹ 1.36 lakh crore: Reliance’s market cap decreased by ₹ 34,711 crore; This week market broken 742 points

No news Business Reliance | Top 10 Companies Market Cap August 2025 List; LIC TCS SBI HDFC Bank Mumbai58 minutes ago Copy link In terms of market valuation, 6 out of the top-10 companies in the country have reduced ₹ 1.36 lakh crore in this week’s business. During this period, Reliance Industries, the country’s largest…

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Value of 6 out of top-10 companies decreased by ₹ 94,434 crore: TCS market cap dropped ₹ 27,335 crore, SBI’s ₹ 13,208 crore to ₹ 7.35 lakh crore

Value of 6 out of top-10 companies decreased by ₹ 94,434 crore: TCS market cap dropped ₹ 27,335 crore, SBI’s ₹ 13,208 crore to ₹ 7.35 lakh crore

No news Business Reliance | Top 10 Companies Market Cap July 2025 List; LIC TCS HDFC Bank Mumbai23 minutes ago Copy link In terms of market valuation, 6 out of the top-10 companies in the country have reduced Rs 94,434 crore in this week’s business. During this time Tata Consultancy Services was the top loser….

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