In a major setback to the traders, the Authority for Advance Rulings (AAR) of Maharashtra has ruled that the post- sale discounts offered by manufacturers to dealers cannot be deducted from the transaction value under the Goods and Services Tax (GST) regime. The applicant, UltraTech Cement had sought for a clarity over the possibility of GST […]
The post Post- Sale Discounts cannot be Deducted from Transaction Value under GST: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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