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2011 (2) TMI 1320 - HC - VAT and Sales TaxDenial of deduction on the discounts by the second respondent only on the premise that the discounts had been granted through credit notes raised subsequent to the tax invoices which would result in the reduction of turnover/price and constitute tax liability Held that:- The sale invoice given by the dealer would be assessed on the total turnover of the assessee. But, the credit notes subsequently issued by the assesse would automatically result in lowering the amount of turnover and results in lower quantum of sales tax and that is the conclusion arrived at by the Division Bench in similar situation treating this as only "incentive" and not as "trade discount". The assessing officer has tried to distinguish and imposed tax on the total turnover on the basis of the invoices issued without taking into consideration the discount extended in the sale transactions, which is usually permissible and it is also in vogue in the sale of goods. In the circumstances, the impugned order passed by the assessing officer at annexure L is quashed
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