https://www.taxtmi.com/caselaws?id=165468 A subsidy paid by a sugar mill to cane growers for early planting was treated as part of the purchase price of sugarcane because it was voluntarily paid to secure early and regular supply, was retained by the growers, and was over and above the statutory cane price. The commercial arrangement showed an implicit agreement that the payment formed part of the consideration for the cane supplied, so its accounting description as a development expense did not change its character. The subsidy was therefore includible in purchase turnover. en-us Mon, 15 Jul 1991 00:00:00 +0530 Fri, 18 Jul 2014 17:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165468 A subsidy paid by a sugar mill to cane growers for early planting was treated as part of the purchase price of sugarcane because it was voluntarily paid to secure early and regular supply, was retained by the growers, and was over and above the statutory cane price. The commercial arrangement showed an implicit agreement that the payment formed part of the consideration for the cane supplied, so its accounting description as a development expense did not change its character. The subsidy was therefore includible in purchase turnover. Case-Laws VAT and Sales Tax Mon, 15 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165468