- Intermediary Concept Removed: ‘Intermediary’ concept to be removed from GST statute, making it easier for exporters. Services will be taxed at recipient’s location, boosting India’s GCC destination vision.
- Credit Notes Broadened: Credit notes can now be issued for post-supply discounts if recipient reverses ITC. Linkage with agreement removed for post-supply discounts.
- Refund Process Eased:
- 90% provisional refund for inverted tax structure cases allowed.
- IGST refund on exports allowed even if amount is <₹1,000.
- National Appellate Authority: Cases with divergent advance rulings will now be heard by Tribunals instead of NAA, effective 1 April 2026.
For detailed discussion on above, please feel free to connect at devadhaantu@devadhaantu.in