Trade & Quantity Discount

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....rade & Quantity Discount<br> Query (Issue) Started By: - Mohammed Lakkadsha Dated:- 25-5-2018 Last Reply Date:- 27-5-2018 Service Tax<br>Got 3 Replies<br>Service Tax<br>If a automobile Dealer Receive ....

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....Quantity /Target Discount / Secondary Schemes which is purely linked to Sales of Goods from the principal manufacturer , whether it can be treated as taxable service under Negative tax Regime( Post 01....

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.....07.12) OR it is to be treated as Trading activity and hence not Taxable being Negative list Item. Reply By KASTURI SETHI: The Reply: We are talking about pre-GST era. Trade discount from transacti....

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....on value was allowed. It pertained to Central Excise. Trading of goods was put into Negative List Section 66 D(e) and NOT Service provided in relation to trading of goods. Trading means transfer of t....

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....itle of the goods. Reply By YAGAY and SUN: The Reply: Under VAT/CST/Central Excise Trade discount was allowed and no tax/duty was applicable/payable on such discounts. Trading was an exempt service ....

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....in erstwhile Service Tax Regime. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: It should be treated as trading activity and not liable to service tax.<br> Discussion Forum - Knowledge Sharing ....