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TMI BlogTrade & Quantity DiscountX X X X Extracts X X X X X X X X Extracts X X X X ..... If a automobile Dealer Receive Quantity /Target Discount / Secondary Schemes which is purely linked to Sales of Goods from the principal manufacturer , whether it can be treated as taxable serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice under Negative tax Regime( Post 01.07.12) 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bout pre-GST era. Trade discount from transaction 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 rela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion to trading of goods. Trading means transfer of title of the goods. - Reply By YAGAY and SUN - The Reply = Under VAT/CST/Central Excise Trade discount was allowed and no tax/duty was applicab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le/payable on such discounts. Trading was an exempt service in erstwhile Service Tax Regime. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = It should be treated as trading activity and not liab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le to service tax. - Trade & Quantity Discount - Query Started By: - Mohammed Lakkadsha Dated:- 25-5-2018 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - 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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