https://www.taxtmi.com/caselaws?id=155895 A credit note issued as a quality allowance can reduce taxable turnover where the parties, after complaint and inspection, effectively revise the sale price by subsequent dealing and correspondence. The goods were originally priced at Rs. 65 per kg., but the seller accepted the quality issue and the ultimate price realised was Rs. 51 per kg. On that basis, the adjustment was treated as a substituted sale price rather than a post-sale concession, so only the real consideration formed part of turnover under the Central Sales Tax Act, read with the Sale of Goods Act. The disputed amount was therefore excluded from taxable turnover. en-us Mon, 30 Apr 1990 00:00:00 +0530 Tue, 10 Sep 2013 16:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155895 A credit note issued as a quality allowance can reduce taxable turnover where the parties, after complaint and inspection, effectively revise the sale price by subsequent dealing and correspondence. The goods were originally priced at Rs. 65 per kg., but the seller accepted the quality issue and the ultimate price realised was Rs. 51 per kg. On that basis, the adjustment was treated as a substituted sale price rather than a post-sale concession, so only the real consideration formed part of turnover under the Central Sales Tax Act, read with the Sale of Goods Act. The disputed amount was therefore excluded from taxable turnover. Case-Laws VAT and Sales Tax Mon, 30 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155895