https://www.taxtmi.com/caselaws?id=246153 Quantity or scheme discount is deductible under Rule 3(2)(c) of the Karnataka Value Added Tax Rules, 2005 only when it is allowed in accordance with regular practice or a contract and is shown in the tax invoice for the relevant sales. A discount granted as an incentive for earlier performance, even if reflected in the invoice, does not relate to the sales covered by that invoice and therefore fails the rule. On that basis, such a discount is not deductible from total turnover when it is unconnected with the invoiced sale transaction. en-us Wed, 19 Mar 2014 00:00:00 +0530 Fri, 17 Jul 2015 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246153 Quantity or scheme discount is deductible under Rule 3(2)(c) of the Karnataka Value Added Tax Rules, 2005 only when it is allowed in accordance with regular practice or a contract and is shown in the tax invoice for the relevant sales. A discount granted as an incentive for earlier performance, even if reflected in the invoice, does not relate to the sales covered by that invoice and therefore fails the rule. On that basis, such a discount is not deductible from total turnover when it is unconnected with the invoiced sale transaction. Case-Laws VAT and Sales Tax Wed, 19 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246153