https://www.taxtmi.com/caselaws?id=150627 Commission paid to street vendors under a sale-on-commission arrangement was held not to qualify as a deductible discount. The vendors were treated as selling agents, not buyers, because goods were handed over for resale, unsold stock was returned, and accounts were settled on that basis. Under explanation (2)(iii) of section 2(r) of the Tamil Nadu General Sales Tax Act and rule 5-A of the Tamil Nadu General Sales Tax Rules, only a discount allowed by the seller to the buyer on an outright sale can be excluded from turnover. The deduction claim was rejected and the assessment was upheld. en-us Mon, 31 Jul 1972 00:00:00 +0530 Mon, 20 May 2013 15:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150627 Commission paid to street vendors under a sale-on-commission arrangement was held not to qualify as a deductible discount. The vendors were treated as selling agents, not buyers, because goods were handed over for resale, unsold stock was returned, and accounts were settled on that basis. Under explanation (2)(iii) of section 2(r) of the Tamil Nadu General Sales Tax Act and rule 5-A of the Tamil Nadu General Sales Tax Rules, only a discount allowed by the seller to the buyer on an outright sale can be excluded from turnover. The deduction claim was rejected and the assessment was upheld. Case-Laws VAT and Sales Tax Mon, 31 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150627