https://www.taxtmi.com/caselaws?id=127736 The Supreme Court held that trade discount should not be included in the turnover for sales tax assessment under the Central Sales Tax Act, 1956. The Court distinguished between cash discount and trade discount, ruling that the sale price for turnover calculation excludes trade discount. Previous cases were cited to support the decision. The appeal was dismissed, confirming that the trade discount amount paid to retailers should not be considered in the taxable turnover for sales tax computation. en-us Fri, 12 Oct 1979 00:00:00 +0530 Mon, 02 Dec 2013 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127736 The Supreme Court held that trade discount should not be included in the turnover for sales tax assessment under the Central Sales Tax Act, 1956. The Court distinguished between cash discount and trade discount, ruling that the sale price for turnover calculation excludes trade discount. Previous cases were cited to support the decision. The appeal was dismissed, confirming that the trade discount amount paid to retailers should not be considered in the taxable turnover for sales tax computation. Case-Laws VAT and Sales Tax Fri, 12 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127736