Quick Summary
The upcoming Finance Bill is expected to propose at least five significant amendments to GST laws, based on recommendations of the GST Council, with the objective of easing compliance, improving cash flows and reducing long-pending litigation. 1) One of the most important proposed changes relates topost-sale discounts under GST. The GST Council has recommended amendments to sections 15 and 34 of the CGST Act, 2017, removing the mandatory requirement that discounts must be pre-agreed before or a
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FAQ :
The primary goal of the proposed GST amendments is to ease compliance, improve business cash flows, and reduce long-standing litigation.
The requirement for post-sale discounts to be pre-agreed and linked to invoices will be removed, resolving practical issues for businesses, especially in distributor-retailer models.
This change will allow Indian exporters of intermediary services to claim export benefits and potentially resolve significant litigation, though Indian businesses using overseas intermediary services may face GST under the reverse charge mechanism.
Yes, small exporters will benefit as the Rs 1,000 minimum threshold for claiming refunds on exports made with tax payment is expected to be removed.
The amendments aim to allow 90% provisional refunds for inverted duty structure claims and expand eligibility to include input services and capital goods, easing working capital pressures.
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