https://www.taxtmi.com/caselaws?id=395605 Purchase and resale of used cars through the True Value Division was treated as a sale of movable goods, not a service transaction, because ownership and possession passed to the assessee and later refurbishment was done on goods already owned by it. On that basis, profit from used-car trading was held outside Business Auxiliary Service. Incentives and discounts received from the manufacturer were also treated as trade discounts arising from the trading arrangement, not remuneration for canvassing or promoting business, and therefore not taxable as Business Auxiliary Service. The disputed service tax demands were held unsustainable. en-us Wed, 12 Feb 2020 00:00:00 +0530 Sat, 30 May 2020 11:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395605 Purchase and resale of used cars through the True Value Division was treated as a sale of movable goods, not a service transaction, because ownership and possession passed to the assessee and later refurbishment was done on goods already owned by it. On that basis, profit from used-car trading was held outside Business Auxiliary Service. Incentives and discounts received from the manufacturer were also treated as trade discounts arising from the trading arrangement, not remuneration for canvassing or promoting business, and therefore not taxable as Business Auxiliary Service. The disputed service tax demands were held unsustainable. Case-Laws Service Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395605