https://www.taxtmi.com/caselaws?id=150300 An end-of-month discount under a dealer's regular sales scheme was treated as a deductible cash or other discount from taxable turnover because the sale price actually realised reflected the reduced amount, and the concession was not confined to invoice-stage discounts on individual sales. Canteen sales, however, fell within the taxable concept of business after the statutory amendment, even without a profit element. Sales before and after the amendment required separate treatment, and the turnover for each period had to be recomputed on the basis of the effective date of the amended definition. en-us Mon, 23 Apr 1973 00:00:00 +0530 Mon, 13 May 2013 10:16:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150300 An end-of-month discount under a dealer's regular sales scheme was treated as a deductible cash or other discount from taxable turnover because the sale price actually realised reflected the reduced amount, and the concession was not confined to invoice-stage discounts on individual sales. Canteen sales, however, fell within the taxable concept of business after the statutory amendment, even without a profit element. Sales before and after the amendment required separate treatment, and the turnover for each period had to be recomputed on the basis of the effective date of the amended definition. Case-Laws VAT and Sales Tax Mon, 23 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150300