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

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..... f 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 buyer and was required to deposit only the remaining 25% with the .....

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..... e 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 details the judgment may kindly be referred. This is an important judgment o .....

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