Instructions in light of Judgment of Hon’ble Supreme Court on Sales Tax Incentive Scheme-reg.

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..... All) Sub: Instructions in light of Judgment of Hon ble Supreme Court on Sales Tax Incentive Scheme-reg. Kind attention is invited to the judgment of Hon ble Supreme Court in case of M/s Super Synotex India Ltd. [2014-TIOL-19-SC-CX] on the issue of abatement of sales tax under an abatement scheme where the assesse was allowed to retain 75% of the sales tax collected from the .....

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..... from the third customer/party but if it is charged and is not payable or paid, it is a part and should not be excluded from the transaction value. This is the position after the amendment, for as per the amended provisions the words transaction value mean payment made on actual basis or actually paid by the assesse. The words that gain significance are actually paid . 2) For further det .....

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