https://www.taxtmi.com/caselaws?id=163249 Under the West Bengal Sales Tax Act, 1994, a deduction is treated as a trade discount only if it forms part of the sale transaction and is known or ascertainable at the time of sale. An additional discount granted later through credit notes, contingent on continued future purchases and not reflected in the invoice, does not qualify and remains part of the sale price. By contrast, a turnover discount disclosed in the invoice and understood by buyers at the time of removal of goods, even if quantified later by reference to purchase targets, is a deductible trade discount. en-us Tue, 11 Jul 2006 00:00:00 +0530 Thu, 27 Mar 2014 14:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163249 Under the West Bengal Sales Tax Act, 1994, a deduction is treated as a trade discount only if it forms part of the sale transaction and is known or ascertainable at the time of sale. An additional discount granted later through credit notes, contingent on continued future purchases and not reflected in the invoice, does not qualify and remains part of the sale price. By contrast, a turnover discount disclosed in the invoice and understood by buyers at the time of removal of goods, even if quantified later by reference to purchase targets, is a deductible trade discount. Case-Laws VAT and Sales Tax Tue, 11 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163249