Various representations have been received seeking clarification on issues raised with respect to tax treatment of sales promotion schemes under GST. To ensure uniformity in the implementation of the law across the field formations. the Board hereby clarifies the issues in succeeding paragraphs. Free samples and gifts It is

For small service providers & start ups, compliance in gst regime will be time consuming and cumbersome. Provisions to protect the interest of such small service providers are often found in the earlier taxing statutes. For simplifying service providers scheme of composition for service providers provided with effect from 01st…

Cfo response to covidcfo response to covid-19 against the backdrop of declining economic activity and a sudden stop to cash flows caused by the covid-19 pandemic, cfos & senior finance leaders need quick, peer-vetted perspectives to ensure they are taking the right actions for their companies, employees, shareholders and themselves.