https://www.taxtmi.com/caselaws?id=166368 Trade discounts reflected through post-invoice credit notes may reduce taxable turnover only if the supporting particulars required under the rules are properly furnished and verified. The court noted that there was no real inconsistency between the rule permitting discounts in regular practice and the rule governing credit and debit note particulars, but the effect of the credit notes on turnover had not been examined in detail by the tribunal or the lower authorities. The matter was remitted to the assessing authority for reconsideration after the assessee supplied the necessary details. en-us Tue, 16 Feb 2010 00:00:00 +0530 Thu, 10 Dec 2015 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166368 Trade discounts reflected through post-invoice credit notes may reduce taxable turnover only if the supporting particulars required under the rules are properly furnished and verified. The court noted that there was no real inconsistency between the rule permitting discounts in regular practice and the rule governing credit and debit note particulars, but the effect of the credit notes on turnover had not been examined in detail by the tribunal or the lower authorities. The matter was remitted to the assessing authority for reconsideration after the assessee supplied the necessary details. Case-Laws VAT and Sales Tax Tue, 16 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166368