Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Discounts or Incentives Received from Manufacturers for Bulk Purchases and Meeting Sales Targets are Trade Discounts, not Subject to Service Tax: CESTAT
Excise, VAT & CustomGST
The CESTAT held that discounts or incentives from manufacturers for bulk purchases and achieving sales targets are trade discounts, exempt from service tax. This ruling reinforces the understanding of trade discounts and their tax implications, benefiting businesses that engage in large-scale transactions.
