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I recently sold $3K worth of gold via wire transfer — but then the buyer had their bank reverse the transaction and kept the goods. What do I do now?

Imagine you run a precious metals store and a customer wants to buy $3,000 worth of gold via wire transfer. You verify their ...

I sold $3K in gold via wire transfer, but then the buyer got their bank to reverse the payment. What can I do?

The bank is convinced by the customer’s story, cancels the wire transfer and withdraws money from your merchant account, ...
Tax Guru

GST on Post-Sale Discounts: CBIC Clarifies Rules

CBIC Circular 251/08/2025 clarifies GST on post-sale discounts. Learn about ITC availability, taxability of discounts, and rules for promotional ...
Tax Guru

GST Credit Notes Simplified: Key Takeaways from 56th GST Council

The 56th GST Council simplifies credit notes for post-sale discounts. Learn about the new rules, including de-linking from ...