AAR of Maharashtra rules out GST refund for post-sales discounts

In a setback to the common market practice of trade discounts, the Authority for Advance Rulings (AAR) of Maharashtra has ruled out a  goods and services tax  (GST) refund in the case of post-sales discounts offered by manufacturers to dealers. The case pertains to UltraTech Cement, which sought clarity over the possibility of  GST refund  in the case of discount offered to its…