Appellate Tribunal Upholds Deduction for Turnover Tax Paid on Sale Price

The Appellate Tribunal CESTAT, Mumbai upheld the eligibility for deduction on the sale price of goods manufactured by the respondent for the turnover tax paid by it. The Tribunal dismissed the appeal, affirming that turnover tax is an admissible deduction based on a Supreme Court judgment.

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The Appellate Tribunal CESTAT, Mumbai ruled on the eligibility for deduction on the sale price of goods manufactured by the respondent of the turnover tax paid by it to arrive at the assessable value. Referring to a Supreme Court judgment, the Tribunal dismissed the appeal, stating that turnover tax is an admissible deduction despite arguments to the contrary.

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