Volume Discounts received for Purchasing Bulk Quantities of paints are Trade Discounts, Not Payments for Services: CESTAT quashes Service Tax Demand [Read Order]
CESTAT rules that volume discounts received by Divine Autotech for bulk paint purchases are trade discounts, not payments for services, thus exempt from service tax
By Devanand T R - On August 7, 2024 3:52 pm - 2 mins read
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), New Delhi has determined that volume discounts received by M/s Divine Autotech Private Limited for purchasing large quantities of paints do not qualify as taxable services but are trade discounts. Consequently, the tribunal quashed the service tax demand on these amounts. The case revolves…
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