Cash Discounts
This query is : Resolved
28 October 2009
I wanted to know whether Cash Discounts received from a Vendor is subject to Service Tax. Kindly also advice the relevant section.
Thank you in advance.
Thank you in advance.
28 October 2009
No. Cash discount received is not to be subjected to service tax as cash discount is just an incentive for encouraging on time payment and service tax is to be paid only on actual realisation basis.
Section 67(3):" The gross amount charged for the taxable service shall include any amount received towards the taxable service before, during or after provision of such service".
Section 67(3):" The gross amount charged for the taxable service shall include any amount received towards the taxable service before, during or after provision of such service".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- CCFS 2026 Schemed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
