https://www.taxtmi.com/caselaws?id=266298 Tax on turnover linked to supplier discounts was challenged where the assessment order ignored the Commissioner's circulars, which stated that Section 19(20) of the Tamil Nadu VAT Act concerns reversal of excess input tax credit and not levy of tax on discounts. The order also suffered from lack of effective opportunity to file objections. On these facts, the assessment could not be sustained and required reconsideration with reference to the circulars, the statutory provision, and the petitioner's objections. en-us Tue, 25 Aug 2015 00:00:00 +0530 Mon, 19 Oct 2015 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266298 Tax on turnover linked to supplier discounts was challenged where the assessment order ignored the Commissioner's circulars, which stated that Section 19(20) of the Tamil Nadu VAT Act concerns reversal of excess input tax credit and not levy of tax on discounts. The order also suffered from lack of effective opportunity to file objections. On these facts, the assessment could not be sustained and required reconsideration with reference to the circulars, the statutory provision, and the petitioner's objections. Case-Laws VAT and Sales Tax Tue, 25 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266298