TMI BlogService Tax on Discount/Incentive received.X X X X Extracts X X X X X X X X Extracts X X X X ..... If one Partnership 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, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill the said firm 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 P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... radeep Khatri - The Reply = 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... service tax would be leviable 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, commi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssion or incentive received in relation sale of goods is a part of trading activity which is exempted from service tax. - Service Tax on Discount/Incentive received. - Query Started By: - Gunjan Gup ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ta Dated:- 17-11-2013 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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