https://www.taxtmi.com/caselaws?id=151274 The agreed cane price settled at Rs. 110 per tonne was treated as the operative sale consideration, not a subsidy outside the sale price. Although the sugarcane had already been delivered, the later amicable settlement validly varied the original price term and operated as novation of the contract. On those facts, the excess over the Government-fixed minimum price formed part of the consideration for supply and was therefore included in taxable turnover; the subsidy contention was rejected. en-us Mon, 12 Jan 1976 00:00:00 +0530 Mon, 03 Jun 2013 15:04:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151274 The agreed cane price settled at Rs. 110 per tonne was treated as the operative sale consideration, not a subsidy outside the sale price. Although the sugarcane had already been delivered, the later amicable settlement validly varied the original price term and operated as novation of the contract. On those facts, the excess over the Government-fixed minimum price formed part of the consideration for supply and was therefore included in taxable turnover; the subsidy contention was rejected. Case-Laws VAT and Sales Tax Mon, 12 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151274