https://www.taxtmi.com/caselaws?id=756035 The CESTAT Bangalore set aside the service tax demand of Rs.3,03,50,663/- on incentives/discounts received by an automobile dealer from the manufacturer, ruling these constitute trade discounts forming part of vehicle sale price rather than taxable services. The demand of Rs.3,84,28,721/- under Rule 6(3) of CENVAT Credit Rules was also set aside, with the matter remanded to verify the appellant's claim of already reversing Rs.42,30,802/- in excess of the required amount. All penalties were set aside as the appellant had already reversed attributable CENVAT credit exceeding the liability. en-us Thu, 18 Jul 2024 00:00:00 +0530 Fri, 26 Jul 2024 09:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756035 The CESTAT Bangalore set aside the service tax demand of Rs.3,03,50,663/- on incentives/discounts received by an automobile dealer from the manufacturer, ruling these constitute trade discounts forming part of vehicle sale price rather than taxable services. The demand of Rs.3,84,28,721/- under Rule 6(3) of CENVAT Credit Rules was also set aside, with the matter remanded to verify the appellant's claim of already reversing Rs.42,30,802/- in excess of the required amount. All penalties were set aside as the appellant had already reversed attributable CENVAT credit exceeding the liability. Case-Laws Service Tax Thu, 18 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756035