Budget 2026-27 focuses on "Strengthening the Plumbing" of GST. For businesses in Delhi-NCR, these updates are designed to unlock frozen capital and reduce the friction of daily transactions. Here is how GST 2.0 impacts your balance sheet.

How to claim GST refund on inverted duty structure in 2026?

Under the new Budget provisions, the provisional refund mechanism has been expanded. Businesses facing an inverted duty structure (higher tax on inputs, lower on outputs) can now receive 90% of their refund claim within 7 days, matching the speed of export refunds.

1. Revolutionary Change in Post-Sale Discounts

The amendment to Section 15(3) and Section 34 of the CGST Act is a massive win for the trading community. Previously, linking discounts to specific invoices required rigid pre-sale agreements. Now, the law allows more flexibility, recognizing the dynamic nature of Indian markets. You can now issue credit notes more easily, directly impacting your tax optimization.

2. Decriminalization Threshold Raised

To promote the "Ease of Doing Business," the threshold for launching criminal prosecution for GST offenses has been increased to ₹5 crore. This ensures that honest taxpayers are not threatened by procedural lapses, allowing you to focus on growth rather than litigation.

3. Exporter Relief: Removing the "Intermediary" Trap

For Delhi's booming service export sector, the clarification on "Place of Supply" rules ends years of confusion. IT and BPO services are now more clearly defined as exports, ensuring you don't lose 18% of your margin to unnecessary GST levies.