Explainer
GST
1 min read
Finance Act 2026 Could Release ₹4,000 Crore in GST Refunds
Full Story
The Finance Act 2026 may release ₹4,000 crore in GST refunds, particularly for Indian intermediaries.
How It Works
1
Intermediary definition change
The Act changes the definition of 'intermediary services'.
2
Place of supply rule
It removes the rule that the service location is the supplier's.
3
Now, export of services
Cross-border services can now qualify as exports if conditions are met.
Common Mistakes
✕Not reversing ITC on post-supply discounts
✕Ignoring recipient location for supply place
Quick Answer
The Finance Act 2026 could unlock ₹4,000 crore in GST refunds by redefining intermediary services and their place of supply.
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