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
Volume Discounts received for Purchasing Bulk Quantities of paints are Trade Discounts, Not Payments for Services: CESTAT quashes Service Tax Demand
Excise, VAT & CustomGST
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) declared that volume discounts received on bulk purchases of paints are trade discounts and not payments for services. Consequently, such discounts are not subject to service tax. This decision clarifies the tax treatment of trade discounts, benefiting businesses involved in bulk purchasing.
