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VAT - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Levy of tax on discount received from the suppliers - KVAT - The ...


Court Rules Supplier Discounts Not Taxable Under Karnataka VAT; Revenue Authorities Can't Revisit Without Appeal.

September 29, 2016

Case Laws     VAT and Sales Tax     HC

Levy of tax on discount received from the suppliers - KVAT - The question whether the discount has to be added to the turn over was not a matter which ought to have been taken up afresh especially when no appeal had been filed by the revenue authorities - HC

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