https://www.taxtmi.com/caselaws?id=167721 A genuine trade discount allowed in accordance with normal trade practice is deductible from taxable turnover where the purchaser actually pays only the reduced amount. Under the Rajasthan Sales Tax Act, 1994, the statutory definition of "sale price" excludes sums allowed by way of discount or rebate, and rule 25(1)(b) permits deduction when the accounts show payment of the original amount less discount. The Court accepted the discount scheme as a bona fide commercial discount and held that sales tax was confined to the net consideration actually received, not the gross sale value. en-us Wed, 20 Mar 2013 00:00:00 +0530 Fri, 02 Jan 2015 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167721 A genuine trade discount allowed in accordance with normal trade practice is deductible from taxable turnover where the purchaser actually pays only the reduced amount. Under the Rajasthan Sales Tax Act, 1994, the statutory definition of "sale price" excludes sums allowed by way of discount or rebate, and rule 25(1)(b) permits deduction when the accounts show payment of the original amount less discount. The Court accepted the discount scheme as a bona fide commercial discount and held that sales tax was confined to the net consideration actually received, not the gross sale value. Case-Laws VAT and Sales Tax Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167721