https://www.taxtmi.com/caselaws?id=159688 Reimbursement received towards storage cost and loss of interest was not part of turnover because it did not arise from any single sale transaction and was not collected from the purchaser as part of the sale price. The applicable principle was that a subsidy or reimbursement unconnected with the price of a specific sale cannot be included in turnover. The assessment records also showed that the sales were supported by bills as required by law and that no amount was realised beyond the billed price, so the amount could not be treated as turnover. en-us Tue, 06 Oct 1998 00:00:00 +0530 Fri, 29 Nov 2013 15:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159688 Reimbursement received towards storage cost and loss of interest was not part of turnover because it did not arise from any single sale transaction and was not collected from the purchaser as part of the sale price. The applicable principle was that a subsidy or reimbursement unconnected with the price of a specific sale cannot be included in turnover. The assessment records also showed that the sales were supported by bills as required by law and that no amount was realised beyond the billed price, so the amount could not be treated as turnover. Case-Laws VAT and Sales Tax Tue, 06 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159688