Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...
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The appellant was held not liable to pay service tax on discounts and incentives received from the manufacturer, as these related to sale and purchase of goods (cars, spare parts, and accessories) and not rendition of any service. The Tribunal set aside the impugned order, allowing the appeals, as the provisions of the Finance Act cannot be made applicable to such transactions between the appellant, manufacturer, and customers involving transfer of goods. The discounts and incentives offered by the manufacturer were in relation to sale and purchase of goods, passed on to the ultimate consumers, and did not constitute any service rendered by the appellant.
The appellant was held not liable to pay service tax on discounts and incentives received from the manufacturer, as these related to sale and purchase of goods (cars, spare parts, and accessories) and not rendition of any service. The Tribunal set aside the impugned order, allowing the appeals, as the provisions of the Finance Act cannot be made applicable to such transactions between the appellant, manufacturer, and customers involving transfer of goods. The discounts and incentives offered by the manufacturer were in relation to sale and purchase of goods, passed on to the ultimate consumers, and did not constitute any service rendered by the appellant.
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