https://www.taxtmi.com/forum/issue?id=111826 Discounts from suppliers for inputs lack a service element and do not attract service tax. If shown on the invoice, the discount reduces the purchaser's expense; if issued by credit note, the adjustment should similarly reduce expense rather than be treated as taxable income. The matter falls within valuation and accounting adjustment, not a service charge or central excise liability. en-us Mon, 24 Apr 2017 17:49:42 +0530 Thu, 23 Jan 2025 15:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111826 Discounts from suppliers for inputs lack a service element and do not attract service tax. If shown on the invoice, the discount reduces the purchaser's expense; if issued by credit note, the adjustment should similarly reduce expense rather than be treated as taxable income. The matter falls within valuation and accounting adjustment, not a service charge or central excise liability. Discussion-Forum Service Tax Mon, 24 Apr 2017 17:49:42 +0530 https://www.taxtmi.com/forum/issue?id=111826