https://www.taxtmi.com/caselaws?id=166466 Amounts received from the State that are separate from the invoiced sale consideration for molasses do not form part of the sale price and cannot be included in taxable turnover under the Punjab VAT regime. VAT is charged on turnover, so only sums actually constituting sale price are assessable; a later or independent payment not linked to the buyer-facing invoice falls outside the tax base. The Tribunal's view that the differential amount was not liable to VAT was upheld, and the Revenue's challenge failed. en-us Thu, 21 Apr 2011 00:00:00 +0530 Fri, 26 Sep 2014 14:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166466 Amounts received from the State that are separate from the invoiced sale consideration for molasses do not form part of the sale price and cannot be included in taxable turnover under the Punjab VAT regime. VAT is charged on turnover, so only sums actually constituting sale price are assessable; a later or independent payment not linked to the buyer-facing invoice falls outside the tax base. The Tribunal's view that the differential amount was not liable to VAT was upheld, and the Revenue's challenge failed. Case-Laws VAT and Sales Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166466