https://www.taxtmi.com/caselaws?id=167946 A separate credit note issued after the sale invoice can support deduction for discount if the adjustment is made within the permissible period and the assessee proves that the discount was actually passed on to customers and meets the statutory requirements. The Karnataka HC read Southern Motors as not barring post-invoice credit notes, distinguished Kitchen Appliances as not deciding this specific question, and applied Reliance Industries to hold that subsequent credit notes may reduce turnover and sales tax liability. The revisional order was set aside and the matter was remanded to the assessing officer for fresh consideration with an opportunity to prove the discount. en-us Thu, 06 Sep 2012 00:00:00 +0530 Mon, 09 Nov 2015 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167946 A separate credit note issued after the sale invoice can support deduction for discount if the adjustment is made within the permissible period and the assessee proves that the discount was actually passed on to customers and meets the statutory requirements. The Karnataka HC read Southern Motors as not barring post-invoice credit notes, distinguished Kitchen Appliances as not deciding this specific question, and applied Reliance Industries to hold that subsequent credit notes may reduce turnover and sales tax liability. The revisional order was set aside and the matter was remanded to the assessing officer for fresh consideration with an opportunity to prove the discount. Case-Laws VAT and Sales Tax Thu, 06 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167946