Valuation - VAT - It must be remembered that taxable turnover is ...
VAT Taxable Turnover: Deduct Allowable Trade Discounts to Determine Correct Taxable Amount.
February 7, 2018
Case Laws VAT and Sales Tax SC
Valuation - VAT - It must be remembered that taxable turnover is turnover net of deductions. All trade discounts are allowable as permissible deductions - SC
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