https://www.taxtmi.com/caselaws?id=164395 Under the Kerala Value Added Tax Act, post-sale discount is deductible from taxable turnover only when it is separately shown in the prescribed tax invoice and tax is collected on the net price. The invoice format is central to the statutory scheme because turnover is computed after allowing only discounts reflected in the invoice. The later amendment was treated as clarificatory of this existing requirement, not as a new condition. Accordingly, credit notes issued after sale, if not reflected in the tax invoice, do not reduce taxable turnover. en-us Mon, 30 Nov 2009 00:00:00 +0530 Tue, 21 Oct 2014 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164395 Under the Kerala Value Added Tax Act, post-sale discount is deductible from taxable turnover only when it is separately shown in the prescribed tax invoice and tax is collected on the net price. The invoice format is central to the statutory scheme because turnover is computed after allowing only discounts reflected in the invoice. The later amendment was treated as clarificatory of this existing requirement, not as a new condition. Accordingly, credit notes issued after sale, if not reflected in the tax invoice, do not reduce taxable turnover. Case-Laws VAT and Sales Tax Mon, 30 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164395