Has the Hydra of Post Sale Discounts Under GST Finally Been Subdued?
The Union Budget 2026-27, presented on 01 Feb 2026, builds upon the GST Council decisions made in 56th GST Council meeting held in September last year. It introduces legislative amendments easing the post-sale discounts related compliances through Clause 137 and 138 of the Finance Bill, 2026. This amendment could prove to be a significant trade-friendly reform in the GST regime, as it addresses a long-standing litigative issue that has plagued businesses since GST's inception.
