Incentives in the form of gold, other assets may attract GST

New Delhi: Companies offering incentives to their dealers in the form of assets, such as gold coins, may face tax uncertainties under goods and services tax (GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR). In a case involving Orient Cement, the AAR determined that such incentives provided by companies to dealers should be classified as a “supply" under GST…