Incentives received

This query is : Resolved 

24 September 2015 sir, I selling goods to one particular party for 5 years, after completion of 5 years the party gives sum amount as Incentive for supply of goods. how to account that incentive amount? and what are the tax implications for that incentives? please clarify

24 September 2015 No need to pay any excise and service tax on incentive received by you.



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