https://www.taxtmi.com/caselaws?id=128461 A contract for supply of fertilizer mixture was held to involve an all-inclusive sale price covering ingredients and manufacturing charges, so the buyer's supply of groundnut oil-cake did not recharacterise the transaction as a works contract or bailment. Under the statutory meaning of sale and turnover, the total amount stated as consideration in the bill of sale formed taxable turnover. The value of the buyer-supplied ingredient could not be deducted, because it was not an ordinary discount within the rules. The entire agreed price of the fertilizer mixture was therefore includible in turnover, and the claimed deduction was not permissible. en-us Tue, 12 Jun 1962 00:00:00 +0530 Sat, 06 Apr 2013 10:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128461 A contract for supply of fertilizer mixture was held to involve an all-inclusive sale price covering ingredients and manufacturing charges, so the buyer's supply of groundnut oil-cake did not recharacterise the transaction as a works contract or bailment. Under the statutory meaning of sale and turnover, the total amount stated as consideration in the bill of sale formed taxable turnover. The value of the buyer-supplied ingredient could not be deducted, because it was not an ordinary discount within the rules. The entire agreed price of the fertilizer mixture was therefore includible in turnover, and the claimed deduction was not permissible. Case-Laws VAT and Sales Tax Tue, 12 Jun 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128461