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2015 (9) TMI 1610 - HC - VAT and Sales TaxWhether quantitative discount, which the petitioner has claimed as trade discount, could be included in the taxable turn over to the petitioning Company or not, for the purpose of assessment under the Act? Held that: - the petitioner had not received any amount, for the supply of products, free to its customers under the scheme, as referred to above, the said discount could not have been added to the taxable turn over of the petitioner, no “sale” of goods within the meaning of Section 2(t) of the Act having been taken place and no “sale price” having been received by the petitioner. The respondents were not justified in including the quantitative discount/trade discount allowed by the Company to its customers, to his taxable turn over for the assessment year 2000-2001. The said discount to the tune of ₹ 20,68,257/- has been wrongly assessed to be included in the taxable turn over. Application allowed.
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