https://www.taxtmi.com/caselaws?id=160822 The court clarified the definition of "turnover" under the Tamil Nadu General Sales Tax Act, ruling that consideration for goods is crucial, regardless of the actual buyer's payment. In a case involving a fertilizer manufacturer, subsidies under an administered scheme were held not to be part of the sale price for taxation. The court emphasized that subsidies aim to benefit consumers without creating obligations between manufacturer and purchaser. Ultimately, the court aligned with the apex Court's interpretation, setting aside the Tribunal's decision and ruling in favor of the petitioner. Adjustments or refunds of amounts paid during legal proceedings were also addressed for fairness. en-us Wed, 19 Dec 2001 00:00:00 +0530 Wed, 25 Dec 2013 12:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160822 The court clarified the definition of "turnover" under the Tamil Nadu General Sales Tax Act, ruling that consideration for goods is crucial, regardless of the actual buyer's payment. In a case involving a fertilizer manufacturer, subsidies under an administered scheme were held not to be part of the sale price for taxation. The court emphasized that subsidies aim to benefit consumers without creating obligations between manufacturer and purchaser. Ultimately, the court aligned with the apex Court's interpretation, setting aside the Tribunal's decision and ruling in favor of the petitioner. Adjustments or refunds of amounts paid during legal proceedings were also addressed for fairness. Case-Laws VAT and Sales Tax Wed, 19 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160822