GST ON INCENTIVE RECEDIVED ON GOOD SERVICES

[SUNIL PATIL]

we are providing Rent Cab Services. we received incentive from client due to good services provided. Whether GST applicable on such incentive and what is rate of GST ?.

AI Summary

Debate on GST Applicability to Cab Service Incentives: Integrated with Service or Voluntary and Non-Taxable? A discussion on whether Goods and Services Tax (GST) applies to incentives received for providing good cab services. One view suggests that incentives are part of the consideration for services and GST should be applied at the same rate as the cab service. Another perspective argues that incentives, similar to tips, are voluntary and not part of the service agreement, thus not subject to GST. The debate considers whether incentives are integrated with taxable services or are separate, voluntary transactions not requiring GST. The consensus leans towards incentives being voluntary and not taxable under GST.