We are into car dealers. We are entitle for whole sale corporate incentives. Example. ABC is a Maruti Dealer. ABC achieves there whole sale targets. ABC is entitle for Corporate Incentives from Maruti(Principal Car Manufacturer). As per terms and conditions Maruti credit relevant amount in the dealer inventory account. The dealer, ABC, does not get any money in their bank account. The dealer will be able to pick up extra car of the incentive. Whether the delaer is liable to pay service tax on the corporate incentive amount.
Menu
Corporate commission
Replies (1)
Its not the commission you earned. Its a kind of quantity discount offered to you not in the form of cash but in kind. You need not pay service tax on this corporate incentive.
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
