Discounts or Incentives Received from Manufacturers for Bulk Purchases and Meeting Sales Targets are Trade Discounts, not Subject to Service Tax: CESTAT [Read Order]

CESTAT rules that service tax does not apply to discounts and incentives received for bulk purchases and sales targets as they are considered trade discounts
By Devanand T R - On August 7, 2024 12:47 pm - 2 mins read
CESTAT - CESTAT New delhi - Bulk Purchases - Sales Targets - Service Tax - Discounts for Bulk Purchases - taxscan

The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), New Delhi, declared that discounts and incentives received from manufacturers for bulk purchases and meeting sales targets are trade discounts and not subject to service tax. This verdict was part of the appeal filed by M/s Divine Autotech Private Limited, which challenged the service…

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