https://www.taxtmi.com/caselaws?id=155196 Excess payment by a sugar factory over the minimum cane price fixed under clause 3 of the Sugarcane (Control) Order, 1966, was treated as an advance against a possible future liability under clause 5-A, not as sale price. The minimum price at delivery was the contractual and statutory consideration, while the additional price had to be determined later on the basis of the statutory formula and seasonal results. Because the excess was separately recorded, subject to adjustment, and paid under State pressure rather than as a voluntary agreed price, it did not form part of the sale consideration or taxable turnover under the Tamil Nadu General Sales Tax Act, 1959. en-us Mon, 03 Oct 1988 00:00:00 +0530 Mon, 02 Sep 2013 12:01:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155196 Excess payment by a sugar factory over the minimum cane price fixed under clause 3 of the Sugarcane (Control) Order, 1966, was treated as an advance against a possible future liability under clause 5-A, not as sale price. The minimum price at delivery was the contractual and statutory consideration, while the additional price had to be determined later on the basis of the statutory formula and seasonal results. Because the excess was separately recorded, subject to adjustment, and paid under State pressure rather than as a voluntary agreed price, it did not form part of the sale consideration or taxable turnover under the Tamil Nadu General Sales Tax Act, 1959. Case-Laws VAT and Sales Tax Mon, 03 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155196