Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2020 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (5) TMI 638 - AT - Service TaxBusiness Auxiliary Service - taxability of profit earned by the appellant on purchase and sale of used cars - incentives and discounts received by the appellants from M/s. Maruti Suzuki India Ltd. (M/s. MSIL) - HELD THAT:- The issue is squarely covered by the decision in the case of COMMISSIONER OF SERVICE TAX, MUMBAI-I VERSUS SAI SERVICE STATION LTD [2013 (10) TMI 1155 - CESTAT MUMBAI] where it was held that commission received from various bank/finances institution for arranging loan to their prospective buyers comes under the business auxiliary service. Incentives and discounts received by the appellants from M/s. Maruti Suzuki India Ltd. (M/s. MSIL) - HELD THAT:- The issue is settled in favour of the appellant’s themselves by this Bench relying on M/S SAI SERVICE STATION LTD VERSUS COMMISSIONER OF CENTRAL EXCISE, CUSTOMS AND SERVICE TAX [2014 (4) TMI 640 - CESTAT BANGALORE] where it was held that through the circular issued by MUL which provides certain incentives in respect of cars sold by the assessee respondent. These incentives are in the form of trade discount. Appeal allowed - decided in favor of appellant.
|