TaxTMI 
TaxTMI 
Service Tax on Discount/Incentive received.
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....ervice Tax on Discount/Incentive received.<br> Query (Issue) Started By: - Gunjan Gupta Dated:- 17-11-2013 Last Reply Date:- 4-12-2013 Service Tax<br>Got 3 Replies<br>Service Tax<br>If one Partnership....
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.... firm, is receiving incentive and disounts from various suppliers/manufacturers for acheving certain targets or eceives eraly payment Incentive or Trade discount or Rate diffrence, will the said firm ....
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....is liable to Pay Service tax on such incentive/discounts under "Buisness Auxillary Services". Will the veiw will change after the applicability of Negative list method. Reply By Pradeep Khatri: The R....
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....eply: Please check Section 66E in this regard. Reply By raj kumar shukla: The Reply: If incentive received is on account of trading on principal to principal basis , no service tax would be leviabl....
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....e as no service is involved. if targets incentives are given on principal to agent basis , tax would be payable.. Reply By Ashok Jogalekar: The Reply: Discount, commission or incentive received in r....
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....elation sale of goods is a part of trading activity which is exempted from service tax.<br> Discussion Forum - Knowledge Sharing ....