Search Results for Tag : discount

Judgments

When State action is not within competence of State Legislature, present Court has to strike down the action of State Legislature, which was beyond its legislative competence(19.03.2020)

In the present writ application, the challenge is to the vires of Section 9 (5) of the Jharkhand Value Added Tax Act, 2005, ('JVAT Act'), which was su.....

Tags : Trade discount, Provision, Legality

News

AAAR, Kerala: GST Payable on Amount Received as Reimbursement of Discount or Rebate from Castrol(26.08.2021)

Appellate Authority of Advance Ruling (AAAR), Kerala has ruled that Goods and Service Tax (GST) is payable on Amount received as reimbursement of disc.....

Tags : Appellate Authority of Advance Ruling, Reimbursement of Discount or Rebate from Castrol

NCDRC: No VAT on Discounted Items(03.02.2017)

National Consumer Disputes Redressal Commission (NCDRC) has held that shops selling goods at 40% discount cannot charge VAT or any other duty on disco.....

Tags : National Consumer Disputes Redressal Commission, VAT, discount

AAR Kerala : Distributors Liable to Pay GST on Additional Discount Reimbursed(17.01.2020)

Authority for Advance Ruling, Kerala has ruled that the distributors are liable to pay Goods and Service Tax and are also eligible to avail Input Tax .....

Tags : Authority on Advance Ruling, Goods and Service Tax on Additional Discount Reimbursed

RBI Releases Draft MDR Norms(17.02.2017)

Reserve Bank of India (RBI) has released draft norms for revamping Merchant Discount Rate (MDR), with an aim to make it more cost effective and appeal.....

Tags : Reserve Bank of India, Merchant Discount Rate

Status Quo on MDR: RBI(31.03.2017)

RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....

Tags : Reserve Bank of India, merchant discount rate

CCI Slaps Rs 87 Crore Fine on Hyundai for Unfair Discount Curbs(20.06.2017)

Competition Commission of India has imposed a penalty of Rs 87 crore on Hyundai Motor India for unfair business practices with respect to providing di.....

Tags : Competition Commission of India, Unfair Discount Curbs

Madras HC Issues Notice on Plea Challenging Special Discounts Offered to FASTag Holders(11.03.2020)

Madras High Court has issued notices to the Union of India and the National Highways Authority of India in a Petition challenging special discounts of.....

Tags : Madras High Court, Discounts Offered to FASTag Holders

Delhi High Court Refuses to Stay Govt Order Prohibiting Discounts on Liquor MRP(09.03.2022)

Delhi High Court has refused to stay the order passed by Excise Department of the Delhi Government, prohibiting discounts on MRP of liquor by retail l.....

Tags : Delhi High Court, Discounts on Liquor MRP

Notifications & Circulars

Statement on Developmental and Regulatory Policies(06.12.2017)

Rationalisation of Merchant Discount Rate

1. In recent times, debit card transactions at 'Point of Sales' have shown significant growth. With.....

Tags : Statement, Regulatory Policies, Discount Rate

Telecommunication (Broadcasting and Cable) Services (Fourth) (Addressable Systems) Tariff (Sixth Amendment) Order, 2015(29.12.2015)

The Telecom Regulatory Authority of India has released the Sixth Amendment to its Broadcasting and Cable Rules, in an effort to ensure choice availabl.....

Tags : Television, channels, reasonable price, discounted

Requirement that all registered companies having a turnover of more than Rs 500 crore as well as CPSE’s shall be on board the Trade Receivable Discounting Platform(02.11.2018)

In exercise of powers conferred by section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government her.....

Tags : Instructions, Issuance, Turnover, Trade Receivables, Discounting System