https://www.taxtmi.com/caselaws?id=159809 Amounts received from a price-equalisation pool, reflecting the difference between retention price and ex-refinery price, are not part of sale consideration where the refinery sells at the government-fixed ex-refinery price and title passes on payment of that price. The pool receipt is a compensatory adjustment under the pricing scheme, not a payment from the buyer under the bargain of sale. Its accounting treatment does not change its legal character. On that basis, such receipts do not form part of sale price or turnover and are not liable to sales tax. en-us Mon, 08 Mar 1999 00:00:00 +0530 Mon, 02 Dec 2013 15:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159809 Amounts received from a price-equalisation pool, reflecting the difference between retention price and ex-refinery price, are not part of sale consideration where the refinery sells at the government-fixed ex-refinery price and title passes on payment of that price. The pool receipt is a compensatory adjustment under the pricing scheme, not a payment from the buyer under the bargain of sale. Its accounting treatment does not change its legal character. On that basis, such receipts do not form part of sale price or turnover and are not liable to sales tax. Case-Laws VAT and Sales Tax Mon, 08 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159809