Service tax on rebate & discount received from suppliers
This query is : Resolved
Guest
Guest
(Querist)
23 May 2014
Dear expert,
I want to know whether service tax will be attracted on rebate & discount received (shown under the head other income in books) from the suppliers of goods; however no tds has been deducted by the suppliers on rebate and discount given.
I want to know whether service tax will be attracted on rebate & discount received (shown under the head other income in books) from the suppliers of goods; however no tds has been deducted by the suppliers on rebate and discount given.
23 May 2014
no service tax is payable on discounts and rebates.
Message likes :
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Guest
Guest
(Querist)
23 May 2014
Thanks Mam,
Do you have any supporting for the same.
Do you have any supporting for the same.
24 May 2014
If the discount received by you from supplier of goods is in nature of trade discount then no service tax ,as there is no service rendered .
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Guest
Guest
(Querist)
26 May 2014
Thanks Mam,
But my question is regarding discount other than trade discount.
But my question is regarding discount other than trade discount.
26 May 2014
Please confirm whether you are a commission agent or a trader or a manufcturer.And on what transactions you get discount.
Guest
Guest
(Querist)
26 May 2014
Mam,
We are engaged in manufacturing and trading of goods and get rebate & discount from suppliers.
We are engaged in manufacturing and trading of goods and get rebate & discount from suppliers.
26 May 2014
So you need not worry ,the discounts are out of the perview of service tax.
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