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VAT - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Disallowance of discount from the taxable turnover - There is no ...

VAT and Sales Tax

April 3, 2021

Disallowance of discount from the taxable turnover - There is no evidence that the dealer paid to the assessee the original value of the goods and not the discounted price - the authorities below have adopted a too technical an approach in disallowing the deduction of discount from the taxable turnover of the assessee. - HC

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