https://www.taxtmi.com/circulars?id=53017 Under the transaction value regime, amounts of sales tax charged to the buyer but retained by the seller under an abatement/incentive scheme are not excludible from the transaction value unless actually paid to the State; such retained amounts must be included in the assessable value, and assessing officers and trade should be informed for finalisation of similar cases. en-us Wed, 17 Sep 2014 00:00:00 +0530 Thu, 18 Sep 2014 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53017 Under the transaction value regime, amounts of sales tax charged to the buyer but retained by the seller under an abatement/incentive scheme are not excludible from the transaction value unless actually paid to the State; such retained amounts must be included in the assessable value, and assessing officers and trade should be informed for finalisation of similar cases. Circulars Central Excise Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53017