https://www.taxtmi.com/caselaws?id=157832 For sales tax purposes, only the actual money consideration agreed and charged for a sale forms part of sale price and turnover under the West Bengal Sales Tax Act, 1954. A reduced price charged for a replacement tyre meant the difference between that price and the catalogue price was not money consideration received or receivable for the sale. The absence of a warranty clause did not change this position, and a voluntary concession or adjustment did not convert the uncharged amount into taxable turnover. In the absence of suppression, the invoice price could not be ignored or replaced by a notional market price, so the assessments including the unrecovered amount were unsustainable. en-us Tue, 28 Feb 1995 00:00:00 +0530 Fri, 11 Oct 2013 14:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157832 For sales tax purposes, only the actual money consideration agreed and charged for a sale forms part of sale price and turnover under the West Bengal Sales Tax Act, 1954. A reduced price charged for a replacement tyre meant the difference between that price and the catalogue price was not money consideration received or receivable for the sale. The absence of a warranty clause did not change this position, and a voluntary concession or adjustment did not convert the uncharged amount into taxable turnover. In the absence of suppression, the invoice price could not be ignored or replaced by a notional market price, so the assessments including the unrecovered amount were unsustainable. Case-Laws VAT and Sales Tax Tue, 28 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157832