MEK Peripherals India Pvt Ltd ., In re
Date: April 27, 2022
Court: Authority for Advance Ruling
Bench: Maharashtra
Type: Advance Ruling
Judge(s)/Member(s): Rajiv Magoo, T R Ramnani
Subject Matter
‘Incentives’ received from non-suppliers cannot be treated as Trade Discount
Summary
The applicant purchases the goods from the distributors and is not receiving discounts from the said distributors. Therefore, there is no supply of goods or services or both from IIUL to the applicant, no sale transaction of goods in the instant case…
The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively] by M/s. MEK Peripherals India Pvt. Ltd., the applicant, seeking an advance ruling in respect of the following questions. 1. Whether the Incentive received from I…