Valuation - inclusion of amount of discount given on sale of ...

Court Rules VAT Calculation on Petroleum Sales Excludes Discounts; Full Price Relevant Only for Royalty Payments.

December 30, 2014

Case Laws VAT and Sales Tax HC

Valuation - inclusion of amount of discount given on sale of petroleum products - GVAT - Merely because for computation of royalty payable to the State, it is the full and not discounted price which is taken into account would not alter the situation - no addition - HC

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Valuation - inclusion of amount of discount given on sale of ...

Court Rules VAT Calculation on Petroleum Sales Excludes Discounts; Full Price Relevant Only for Royalty Payments.

December 30, 2014

Case Laws VAT and Sales Tax HC

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