https://www.taxtmi.com/caselaws?id=166360 Rule 3(2)(c) of the Karnataka Value Added Tax Rules remained valid and enforceable in relation to section 30 of the Karnataka Value Added Tax Act, and the Tribunal could not reopen that settled position. The rule requires any deductible discount to be disclosed in the tax invoice or bill of sale and to exist as part of the sale arrangement at the time of supply. A discount introduced later through credit notes, without being reflected in the invoice, does not satisfy the statutory condition and cannot reduce taxable turnover. On those facts, the claimed deduction was disallowed and the assessment was restored. en-us Fri, 15 Jul 2011 00:00:00 +0530 Fri, 19 Sep 2014 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166360 Rule 3(2)(c) of the Karnataka Value Added Tax Rules remained valid and enforceable in relation to section 30 of the Karnataka Value Added Tax Act, and the Tribunal could not reopen that settled position. The rule requires any deductible discount to be disclosed in the tax invoice or bill of sale and to exist as part of the sale arrangement at the time of supply. A discount introduced later through credit notes, without being reflected in the invoice, does not satisfy the statutory condition and cannot reduce taxable turnover. On those facts, the claimed deduction was disallowed and the assessment was restored. Case-Laws VAT and Sales Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166360