Disallowance of discount from the taxable turnover - There is no ...

Court Rules Discount Should Be Considered in Taxable Turnover, Criticizes Overly Technical Approach by Authorities.

April 3, 2021

Case Laws     VAT and Sales Tax     HC

Disallowance of discount from the taxable turnover - There is no evidence that the dealer paid to the assessee the original value of the goods and not the discounted price - the authorities below have adopted a too technical an approach in disallowing the deduction of discount from the taxable turnover of the assessee. - HC

View Source