The CBIC has clarified that businesses receiving post-sale discounts via credit notes without tax adjustments don't need to reverse input tax credit (ITC). This circular aims to reduce uncertainty and disputes regarding post-sale discounts under GST. GST will only apply to promotional activities with separate agreements and defined consideration, providing clarity on ITC entitlement and tax liability.
Standing barefoot in a grassy patch of dandelions, Iris Phoebe Weaver excitedly begins listing the many ways the modest plant can be used medicinally and in cooking. Read Full Article →
In August 2024, President Marcos signed Executive Order (EO) No. 64, which mandates a four-tranche salary increase for civilian government workers to be implemented every January from 2024 to 2027. This raised the salary of teachers as compared to the Salary Standardization Law (SSL) of 2019. Under the first tranche,
Billionaire Andrej Babis is poised to return to power as prime minister in the Czech Republic in a four-year comeback that mirrors U.S. President Donald Trump. Read Full Article →
Zelis Healthcare is preparing for a $17 billion initial public offering, according to information obtained by Business Insider, marking one of the most anticipated listings in the healthtech space in recent years. The healthcare payments company has confidentially filed its S-1 with regulators and brought on Goldman Sachs and JPMorgan
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