https://www.taxtmi.com/caselaws?id=172075 Under the Karnataka VAT scheme, deduction from turnover is available only when tax is separately collected and the invoice separately discloses the tax rate and tax amount as required by the Act and Rules. Composite invoices showing only a tax-inclusive price do not satisfy that statutory requirement, and the defective-invoice penalty provision does not create a separate entitlement to deduction. Applying strict construction of taxing provisions, the court declined to read in any right to bifurcate a composite sale price for deduction where the prescribed disclosure was absent. en-us Mon, 02 Sep 2013 00:00:00 +0530 Sat, 23 Jul 2016 23:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172075 Under the Karnataka VAT scheme, deduction from turnover is available only when tax is separately collected and the invoice separately discloses the tax rate and tax amount as required by the Act and Rules. Composite invoices showing only a tax-inclusive price do not satisfy that statutory requirement, and the defective-invoice penalty provision does not create a separate entitlement to deduction. Applying strict construction of taxing provisions, the court declined to read in any right to bifurcate a composite sale price for deduction where the prescribed disclosure was absent. Case-Laws VAT and Sales Tax Mon, 02 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172075