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VAT - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Valuation - Quarterly discount in the form of quantity ...


Quarterly Discount Deduction Disallowed Due to Non-Relation to Sales in Tax Invoices.

April 17, 2014

Case Laws     VAT and Sales Tax     HC

Valuation - Quarterly discount in the form of quantity discount/scheme discount was allowed in the tax invoices on the basis of performance of the previous quarter and not in respect of the sales reflected in the said invoices - deduction not allowed - HC

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