The Union Budget 2026 has officially signaled the arrival of GST 2.0. This is not just a minor update: it is a fundamental shift toward making India a more competitive hub. For businesses that have struggled with blocked credits and complex paperwork, the new amendments offer a massive sigh of relief.
Post-Sale Discounts Are Now Simplified
One of the biggest pain points for traders was the need for a pre-existing agreement to claim GST benefits on discounts. Under the new rules for Section 15, this hurdle is finally gone.
First, you no longer need a prior agreement or invoice-level linkage to exclude a discount from your taxable value. As long as you issue a credit note and the recipient reverses the related credit, you are compliant. This change reduces litigation. It also allows for more flexible pricing models for your business.
Faster Cash Flows for Manufacturers
Manufacturers also receive a significant boost in this budget. If you operate under an inverted duty structure, you know the struggle of waiting for refunds. Budget 2026 addresses this directly to help your cash flow.
The government has extended the 90 percent provisional refund facility to inverted duty cases. Now, you can receive the majority of your refund within seven days of filing. This change will significantly improve your daily working capital and let you reinvest in your growth faster.
Export Benefits for Intermediary Services
In a landmark move, the government is removing the special place-of-supply rule for intermediary services. This includes education agents and stockbrokers.
Because the place of supply now depends on the location of the recipient, these services qualify as exports. This means you no longer have to charge 18 percent GST on foreign commissions. Your services will instantly become more competitive on the global stage.
Secure Your Compliance with Dealintax
Since 1994, Dealintax has pioneered digital-first accounting solutions. In this era of GST 2.0, our team ensures that your filings are not just done on time, but are also notice-proof.
The transition to the 2026 tax regime is a major milestone. Do not let it slow you down. Contact our experts today at +91-9553130070 to audit your current GST structure and unlock these new liquidity benefits.