https://www.taxtmi.com/caselaws?id=159719 Excise duty shown in the invoice was excluded from taxable turnover under the U.P. Sales Tax Act and the Central Sales Tax Act because the purchaser neither paid nor was liable to pay that component under the supply scheme and contract. The statutory definitions of sale price, purchase price and turnover were applied to the amount actually paid or payable by the purchaser as consideration for the goods. Where the duty was reimbursed to the manufacturer by a third party and did not form part of the purchaser's contractual liability, it was not includible in turnover. The assessment had therefore to proceed on the net amount payable by the purchaser. en-us Fri, 04 Mar 1994 00:00:00 +0530 Fri, 29 Nov 2013 18:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159719 Excise duty shown in the invoice was excluded from taxable turnover under the U.P. Sales Tax Act and the Central Sales Tax Act because the purchaser neither paid nor was liable to pay that component under the supply scheme and contract. The statutory definitions of sale price, purchase price and turnover were applied to the amount actually paid or payable by the purchaser as consideration for the goods. Where the duty was reimbursed to the manufacturer by a third party and did not form part of the purchaser's contractual liability, it was not includible in turnover. The assessment had therefore to proceed on the net amount payable by the purchaser. Case-Laws VAT and Sales Tax Fri, 04 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159719