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2014 (7) TMI 930 - HC - VAT and Sales TaxDiscount through credit note - whether the discount allowed by the appellant herein a retail dealer as per ordinary trade practice by way of credit note cannot be subjected to deduction from the sale price of the vehicle or not - Held that:- discount through credit note issued even subsequent to a sale without their mention in the sale voucher of the bill is permissible. It has been held that the claim for deduction of the amount of trade discount cannot be disallowed only on the ground that the discount amount were not shown in the sale invoice or the bills issued. Once allowing of discount is established from the material available on record, the same has to be allowed - appellants are entitled to deduction claimed for with regard to the discount allowed by them as a retailer based on ordinary trade practice by way of issuing credit note even without showing the same in the sale invoice or the bill - Following decision of IFB Industries Ltd. v. State of Kerala [2012 (3) TMI 66 - Supreme Court of India] - Decided in favour of assessee.
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