Post-sale discount under GST: A clear position may help boost festive sales

Readers may accuse me of hyperbole, but from my vantage point, it appears that never has removal of certain ambiguities/errors in tax laws been so critical for the Indian economy — I refer here to the erroneous clarifications with respect to  GST  on post-sale discounts (Circular No. 105/24/2019-GST, dated June 28, 2019). We all know that India’s GDP fell to a 6-year low of 5 per cent in…