https://www.taxtmi.com/caselaws?id=267407 The later reduction of the provisional cylinder price from Rs. 682 to Rs. 645 did not alter the sale price or turnover for sales tax purposes, because the goods had already been supplied and consideration received at the earlier price. The Rajasthan Sales Tax Act, 1994 and the Central Sales Tax Act, 1956 were read to require that only genuine trade discounts or rebates forming part of the sale transaction affect taxable turnover. The subsequent price revision was treated as an inter se post-supply adjustment between the assessee and the oil companies, not a discount or rebate in the ordinary sense. The claim for reduction or refund of sales tax therefore failed. en-us Fri, 27 Feb 2015 00:00:00 +0530 Thu, 05 Nov 2015 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267407 The later reduction of the provisional cylinder price from Rs. 682 to Rs. 645 did not alter the sale price or turnover for sales tax purposes, because the goods had already been supplied and consideration received at the earlier price. The Rajasthan Sales Tax Act, 1994 and the Central Sales Tax Act, 1956 were read to require that only genuine trade discounts or rebates forming part of the sale transaction affect taxable turnover. The subsequent price revision was treated as an inter se post-supply adjustment between the assessee and the oil companies, not a discount or rebate in the ordinary sense. The claim for reduction or refund of sales tax therefore failed. Case-Laws VAT and Sales Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267407