The flag, valued at £450,000, flew from HMS Royal Sovereign, the ship that led the British charge in the naval clash with the combined forces of France and Spain. Around 4,500 sailors lost their lives ...

A drug dealer who ran a significant supply network, known as the "ghost" line in the Midlands area has been prosecuted. Reece Winter was jailed for over five years after a police investigation found ...

Former boxer Floyd Mayweather’s July purchase of a group of luxury vehicles has led to dueling lawsuits filed last week, court records show. Mayweather bought four cars from Vegas Auto Gallery on July ...

Floyd Mayweather is suing Vegas Auto Gallery, alleging the dealership deceived him during the purchase of a $1.2 million Mercedes Maybach. Mayweather claims the dealer misrepresented the car's history ...

In the run-up to the implementation of the new GST rates applicable from 22 September, the Central Board of Indirect Taxes and Customs (CBIC) has issued a key circular clarifying the Goods and ...

Recipients of goods need not reverse ITC when receiving discounts via credit notes Dealer discounts for competitive pricing are treated as price reductions, not GST Discounts under agreements with end ...

Post-sale discounts given by manufacturers to dealers intended solely for competitive pricing and promoting sales will not be subject to GST, the Central Board of Indirect Taxes and Customs (CBIC) ...

Issuing a circular regarding treatment of secondary or post-sale discounts under Goods and Services Tax (GST), the CBIC said it has received representations seeking clarifications on the issue.

CBIC clarifies that routine post-sale discounts aimed at competitive pricing aren’t subject to GST, unless linked to promotional services explicitly defined in agreements.