https://www.taxtmi.com/caselaws?id=157873 Consumer price support subsidy received under the fertiliser price support scheme was not treated as part of taxable turnover under the Kerala General Sales Tax Act. The price control framework fixed the maximum sale price, while the retention price mechanism provided manufacturers a government-funded return. Because the subsidy was not paid by the purchaser or on the purchaser's behalf as consideration for any specific sale, and the sale was not conditional on receipt of the subsidy, it was not an amount received in respect of sales. The subsidy therefore remained outside turnover and was not liable to sales tax. en-us Mon, 25 Jul 1994 00:00:00 +0530 Fri, 11 Oct 2013 16:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157873 Consumer price support subsidy received under the fertiliser price support scheme was not treated as part of taxable turnover under the Kerala General Sales Tax Act. The price control framework fixed the maximum sale price, while the retention price mechanism provided manufacturers a government-funded return. Because the subsidy was not paid by the purchaser or on the purchaser's behalf as consideration for any specific sale, and the sale was not conditional on receipt of the subsidy, it was not an amount received in respect of sales. The subsidy therefore remained outside turnover and was not liable to sales tax. Case-Laws VAT and Sales Tax Mon, 25 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157873