WebFeb 3, 2024 · What is an incentive scheme? An incentive scheme is a program that managers or other company leaders can use to motivate and retain team members. Incentive schemes can take a variety of forms, including: Prizes or rewards Special privileges Public recognition Increased perks or benefits WebJul 9, 2024 · These incentives given to dealers shall now be taxed. Dealers will charge GST on the service they provide to companies, for which companies will be eligible to claim ITC. Taxability of incentives or discounts offered to dealers for undertaking promotional activities would compel organizations to relook their tax liabilities.
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