https://www.taxtmi.com/caselaws?id=157422 A Government subsidy paid from the Fertiliser Price Fund Account, fixed with reference to retention price and transfer price to support fertiliser units, was held not to form part of taxable turnover under the Kerala General Sales Tax Act, 1963. The amount was not consideration for any specific sale transaction, had no contractual nexus with the sale of fertilisers, and remained distinct from the sale price paid by purchasers. Since turnover is confined to the aggregate price for which goods are sold, the subsidy could not be treated as sale consideration or subjected to sales tax. en-us Tue, 05 Apr 1994 00:00:00 +0530 Sat, 05 Oct 2013 15:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157422 A Government subsidy paid from the Fertiliser Price Fund Account, fixed with reference to retention price and transfer price to support fertiliser units, was held not to form part of taxable turnover under the Kerala General Sales Tax Act, 1963. The amount was not consideration for any specific sale transaction, had no contractual nexus with the sale of fertilisers, and remained distinct from the sale price paid by purchasers. Since turnover is confined to the aggregate price for which goods are sold, the subsidy could not be treated as sale consideration or subjected to sales tax. Case-Laws VAT and Sales Tax Tue, 05 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157422