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Circular 212/6/2024-GST Withdrawn – CBIC Issues Circular 253/10/2025

Circular No.: 253/10/2025 – GST Date of Circular: 01 October 2025 Relevant Sections and Rules: Section 15(3)(b)(ii) of the CGST Act, 2017 Section 168(1) of the CGST Act, 2017 (No specific Rules referred; earlier procedure related to evidencing compliance withdrawn) Summary of Circular The Board has withdrawn Circular No. 212/6/2024-GST dated 26 June 2024, which earlier prescribed the mechanism for providing evidence of compliance with the conditions under Section 15(3)(b)(ii) of the CGST Act regarding post-supply discounts ....

Circular 212/6/2024-GST Withdrawn – CBIC Issues Circular 253/10/2025 - GST Indiaguide Circular No.: 253/10/2025 – GST Date of Circular: 01 October 2025 Relevant Sections and Rules: Section 15(3)(b)(ii) of the CGST Act, 2017 Section 168(1) of the CGST Act, 2017 (No specific Rules referred; earlier procedure related to evidencing compliance withdrawn) Summary of Circular The Board ha...

GST Introduces Rule 31D: RSP-Based Valuation Formula & Rule 86B Relief for To***co Products

Notification No.: 20/2025 – Central Tax Date of Notification: 31st December, 2025 Relevant Sections and Rules: Central Goods and Services Tax Act, 2017: Section 15 – Value of Taxable Supply Section 164 – Power of Government to make rules Central Goods and Services Tax Rules, 2017 (As Amended): Insertion of Rule 31D – Value of supply of goods on basis of retail sale price…...

GST Introduces Rule 31D: RSP-Based Valuation Formula & Rule 86B Relief for To***co Products - GST Indiaguide Notification No.: 20/2025 – Central Tax Date of Notification: 31st December, 2025 Relevant Sections and Rules: Central Goods and Services Tax Act, 2017: Section 15 – Value of Taxable Supply Section 164 – Power of Government to make rules Central Goods and Services Tax Rules, 2017 (As Amended):...