https://www.taxtmi.com/caselaws?id=254730 Government-controlled petroleum pricing treated quarterly provisional invoices as subject to binding finalisation through credit or debit notes. Sale price and taxable turnover therefore comprise only the consideration finally fixed and receivable by the seller, because the seller cannot realise any amount above that final price. The adjustment is not a conventional post-sale trade discount or unrealised consideration. Tax demand calculated on the higher provisional invoice amount is unsustainable, and turnover must be determined using the final government-fixed price. en-us Thu, 18 Dec 2014 00:00:00 +0530 Tue, 20 Oct 2015 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254730 Government-controlled petroleum pricing treated quarterly provisional invoices as subject to binding finalisation through credit or debit notes. Sale price and taxable turnover therefore comprise only the consideration finally fixed and receivable by the seller, because the seller cannot realise any amount above that final price. The adjustment is not a conventional post-sale trade discount or unrealised consideration. Tax demand calculated on the higher provisional invoice amount is unsustainable, and turnover must be determined using the final government-fixed price. Case-Laws VAT and Sales Tax Thu, 18 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254730