A critical analysis of whether Rule 39 requires the use of turnover or aggregate turnover for ISD credit distribution. The discussion highlights how adopting the wrong interpretation may lead to ...

The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...

Tax rules for financial products or mutual fund distributors have changed over the years, and staying compliant is essential for smooth business operations. Many distributors focus on client service ...