https://www.taxtmi.com/caselaws?id=162908 The court upheld that the excess price collected due to exchange rate fluctuation and customs duty variation forms part of the sales turnover. Price escalation should be assessed in the year received as per Section 19A of the KGST Act. The exemption claimed under Section 5(2) of the CST Act was disallowed due to lack of evidence, but the petitioner was given an opportunity to provide necessary documents for reconsideration. The sales tax revisions related to the price escalation clause were dismissed, and other issues were remanded to the Tribunal for further consideration. en-us Mon, 06 Nov 2006 00:00:00 +0530 Tue, 18 Mar 2014 18:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162908 The court upheld that the excess price collected due to exchange rate fluctuation and customs duty variation forms part of the sales turnover. Price escalation should be assessed in the year received as per Section 19A of the KGST Act. The exemption claimed under Section 5(2) of the CST Act was disallowed due to lack of evidence, but the petitioner was given an opportunity to provide necessary documents for reconsideration. The sales tax revisions related to the price escalation clause were dismissed, and other issues were remanded to the Tribunal for further consideration. Case-Laws VAT and Sales Tax Mon, 06 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162908