https://www.taxtmi.com/caselaws?id=164643 Only trade discount shown in the invoice and reflected in the accounts as a net price is deductible from taxable turnover under Rule 9(a) of the Kerala General Sales Tax Rules, 1963; post-sale scheme or incentive discount paid through credit notes is not automatically deductible. The assessee was nevertheless entitled to establish before the assessing officer that any claimed discount satisfied the rule. The orders disallowing the deduction were set aside and the matter was remanded for factual verification and allowance only to the extent permissible in law. en-us Fri, 26 Jun 2009 00:00:00 +0530 Mon, 28 Apr 2014 17:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164643 Only trade discount shown in the invoice and reflected in the accounts as a net price is deductible from taxable turnover under Rule 9(a) of the Kerala General Sales Tax Rules, 1963; post-sale scheme or incentive discount paid through credit notes is not automatically deductible. The assessee was nevertheless entitled to establish before the assessing officer that any claimed discount satisfied the rule. The orders disallowing the deduction were set aside and the matter was remanded for factual verification and allowance only to the extent permissible in law. Case-Laws VAT and Sales Tax Fri, 26 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164643