https://www.taxtmi.com/caselaws?id=157073 A special rebate on cement sales, shown separately in the invoice and actually leaving the seller with only the net sale price, was deductible from turnover under the Tamil Nadu General Sales Tax Act and Rules. Cash or other discount allowed on the price does not form part of turnover under section 2(r) read with the relevant explanation, and Rule 5-A(a) permits deduction where the discount is granted in accordance with regular practice or contract and the accounts reflect only the net amount realised. Collection of sales tax on the gross figure did not make the rebate taxable turnover. en-us Thu, 16 Jul 1992 00:00:00 +0530 Mon, 30 Sep 2013 11:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157073 A special rebate on cement sales, shown separately in the invoice and actually leaving the seller with only the net sale price, was deductible from turnover under the Tamil Nadu General Sales Tax Act and Rules. Cash or other discount allowed on the price does not form part of turnover under section 2(r) read with the relevant explanation, and Rule 5-A(a) permits deduction where the discount is granted in accordance with regular practice or contract and the accounts reflect only the net amount realised. Collection of sales tax on the gross figure did not make the rebate taxable turnover. Case-Laws VAT and Sales Tax Thu, 16 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157073