Car dealers on taxman’s radar over discounts & freebies to customers

Car dealers on taxman’s radar over discounts & freebies to customers

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Car dealers on taxman’s radar over discounts & freebies to customers
I-T dept is probing whether the tax treatment of discounts during transition to GST was done properly. The indirect tax department is scrutinising discounts and freebies offered to customers by major car dealers across the country on suspicion that they may have availed input tax credit on those freebies without paying GST, leading to revenue […]
Source: GST India