https://www.taxtmi.com/caselaws?id=445122 Target-based incentives received by an air travel agent from a principal were examined under section 67 of the Finance Act, 1994, which taxes only consideration for the taxable service actually provided. The analysis applied the Larger Bench view that such incentives are not transaction-specific consideration for any identified service and cannot be treated as commission for promotion of the principal's business. They are characterised instead as payments linked to overall sales performance. On that basis, the incentives were treated as outside the taxable value and no service tax was leviable on them. en-us Thu, 05 Oct 2023 00:00:00 +0530 Wed, 01 Nov 2023 08:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445122 Target-based incentives received by an air travel agent from a principal were examined under section 67 of the Finance Act, 1994, which taxes only consideration for the taxable service actually provided. The analysis applied the Larger Bench view that such incentives are not transaction-specific consideration for any identified service and cannot be treated as commission for promotion of the principal's business. They are characterised instead as payments linked to overall sales performance. On that basis, the incentives were treated as outside the taxable value and no service tax was leviable on them. Case-Laws Service Tax Thu, 05 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445122