https://www.taxtmi.com/caselaws?id=159134 Trade discount and cash discount are not includible in taxable turnover for turnover tax under the Karnataka Sales Tax Act, 1957, because turnover covers only the consideration actually received or payable for the sale. The statutory scheme treats taxable turnover as the sale price after permissible deductions, and discounts granted by the dealer do not form part of that consideration. As amounts never received by the dealer, they cannot be added back into turnover under Rule 6(1)(b) of the Karnataka Sales Tax Rules, 1957. The revisional authority was therefore not justified in enhancing the turnover by the discount amounts, and the revision of assessment was held unsustainable. en-us Thu, 09 Jul 1998 00:00:00 +0530 Sat, 16 Nov 2013 11:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159134 Trade discount and cash discount are not includible in taxable turnover for turnover tax under the Karnataka Sales Tax Act, 1957, because turnover covers only the consideration actually received or payable for the sale. The statutory scheme treats taxable turnover as the sale price after permissible deductions, and discounts granted by the dealer do not form part of that consideration. As amounts never received by the dealer, they cannot be added back into turnover under Rule 6(1)(b) of the Karnataka Sales Tax Rules, 1957. The revisional authority was therefore not justified in enhancing the turnover by the discount amounts, and the revision of assessment was held unsustainable. Case-Laws VAT and Sales Tax Thu, 09 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159134