isl/rmk claims received by car dealer.

This query is : Resolved

CA Priyanka (Querist)
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24 March 2018 This incentive is received from M/s Maruti Udyog Ltd. as a compensation of a part of total discounts offered by them to the various institutional customers like LIC/Reliance/bank employee/govt. employee and also rural customers like farmers. Thus, this is also a form of discount which cannot be said as a service chargeable to service tax.

Guest

Guest (Expert)

29 March 2018 Discount agreed and given at later date are also exempted from payment of GST. Please refer section 15 of the GST Act.