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Service tax on incentive received
A & Co. is a authorised dealer of car & it purchase vehicle from its supplier and sale to its customer. In addition to the regular profit on sale of vehicle, A & co. also received incentive on monthly, quartely & yearly basis from its supplier which depends on achievement of sales target as decided and intimated by its supplier from time to time. My question is whether such incentive received is taxable under service tax act and under which category.
Replies (3)
This activity should be sale/purchase of goods and the incentive should be treated as additional discount allowed thereby avoiding service tax
One of my client is a car dealer and received incentives at the end of the year on achieving sales target . Wil this incentive attract service Tax Liability
If the incentive recived is not against provision of any taxble service how can Service Tax be attracted
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