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Post-sale discount not taxable under GST, clarifies CBIC

September 15, 2025

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The New Indian Express Dharmapuri

The government has clarified that routine post-sale discounts will remain outside the ambit of GST unless such discounts are tied to certain specified 'taxable' activities.

- DIPAK MONDAL

The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines on goods and services tax (GST) treatment of post-sale discounts, aiming to bring clarity and reduce litigation in an area that has long been contentious for businesses.

المزيد من القصص من The New Indian Express Dharmapuri

The New Indian Express Dharmapuri

The New Indian Express Dharmapuri

NIA court declares Pakistani official proclaimed offender

A special NIA court in Chennai on Wednesday declared Pakistani official Amir Zubair Siddiqui as a proclaimed offender after he failed to honour the court's summons to appear on October 15.

time to read

1 min

November 01, 2025

The New Indian Express Dharmapuri

June next yr timeline set for Maha farm loan waiver: CM

CM Devendra Fadnavis on Friday announced that the state government will complete the farm loan waiver process by the end of June next year. Fadnavis, who had earlier opposed the idea of a waiver, said the decision was made to ensure meaningful relief for farmers. “The farm loan waiver should be done properly so that it helps farmers in a real sense,” he said.

time to read

1 min

November 01, 2025

The New Indian Express Dharmapuri

Industry bodies urge govt to rationalise buyback tax, allow share cost deduction

INDUSTRY associations have urged the finance ministry to rationalise the taxation of share buybacks and restore parity by treating the proceeds as capital gains rather than deemed dividends.

time to read

1 mins

November 01, 2025

The New Indian Express Dharmapuri

Custodial torture victim seeks transfer of Balveer Singh case to SC/ST court

DURING the hearing of four custodial torture cases involving former Ambasamudram ASP Balveer Singh on Friday, the counsel for the SC victim - one of nearly 10 persons affected -sought the transfer of one of the cases to the Special Court for SC/ST (Prevention of Atrocities) Act cases.

time to read

1 mins

November 01, 2025

The New Indian Express Dharmapuri

BoB profit slips to ₹4,809 cr despite better asset quality

THE country's second-largest public sector lender Bank of India on Friday reported an 8.2% year-on-year drop in net income at ₹4,809 crore, despite improved asset quality and the resultant sharp 47% drop in provisions, along with stable net interest margin in the September quarter.

time to read

1 min

November 01, 2025

The New Indian Express Dharmapuri

The New Indian Express Dharmapuri

City Union Bank receives $50 million from IFC to support MSME solutions

CITY Union Bank on Friday announced that it has secured $50 million commitment from International Finance Corporation (IFC), a member of World Bank Group.

time to read

1 min

November 01, 2025

The New Indian Express Dharmapuri

The New Indian Express Dharmapuri

CBI team uses 3D mapping tech at Karur stampede site

A CBI team led by Superintendent of Police (SP) Praveen Kumar on Friday visited Velusamypuram, where 41 people lost their lives in the stampede during actor-politician Vijay's rally on September 27.

time to read

1 min

November 01, 2025

The New Indian Express Dharmapuri

A LIFELINE AND A REUNION

Kerala government's Extreme Poverty Eradication Programme Uplifts a Blind Couple

time to read

2 mins

November 01, 2025

The New Indian Express Dharmapuri

The New Indian Express Dharmapuri

Guv gives nod to fiscal responsibility & 8 other Bills passed in last session

GOVERNOR R N Ravi has given his assent to nine of the 18 Bills adopted during the winter session of the state Assembly.

time to read

1 min

November 01, 2025

The New Indian Express Dharmapuri

NO ONE LEFT BEHIND

Kerala is to be declared as the first extreme poverty free state in the country by November 1st. The achievement is the result of a well-planned research and survey, meticulous implementation, community participation and coordinated efforts of various departments. Kerala's Chief Minister Pinarayi Vijayan speaks about the journey so far.

time to read

6 mins

November 01, 2025

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