We are pleased to rollout the Trade Discount Scheme for the month of Jan 23

Applicable Models: Baleno, Ciaz, lgnis,GV and XL6

Qualifying Condition:
A. 100% Wholesale target achievement at region parent level (Combined target achievement
of Baleno+lgnis+Ciaz+XL6+GV)

Scheme
Slab-1 WS Target Achievement > Can Kacut
Model Fuel Variant 100%(Mentioned Models)
Type GST Total
Incentive/car
amount car
gnis Petrol MT 5000 29% 1450 6450
Ciaz PetrolAALL 7000 45% 3150 10150
Petrol
Baleno & MT 2500 29% 725 3225
CNG

Please note

1. For target & achievement purpose, wholesale of

billing (DGSND vehicles) in between 1st Jan'23 to applicable models including Direct
31st Jan 23 (both days
considered at regional parent group level, but incentive will inclusive) will be
not be paid on the direct
billing vehidles
2. With
respect to Demo Vehicles, incentive payout will be done
irrespective of direct/non-
direct billing
3. MSIL will issue
digitally signed tax credit note for the above amount
inclusive of GST and credit in the Dealer
4. The information related to tax account.
credit notes issued by MSIL in
Sale Discount is available in
Dealer Ledger, Dealer Extranet andrespect of Post
can also be cross
checked with data the details
dealers are required to reverse their coming in GSTR-2A of the dealers. The
Tax Credit Notes issued Input tax credit equal to GST portion of
by MSIL in respect of Post Sale Discount in their
GSTR-3B as part of compliance with
GST law.

In case of any
query/clarification, may kindly contact undersigned or your RM/TSM.
Regards
Ashish
Jain
Narayan Asawa

Commercial Business Head South East

NEXA
NEXA Sales Planning South East-