https://www.taxtmi.com/caselaws?id=187799 Depreciation on sales of motor vehicles on hire purchase is discussed as allowable at 30% under the applicable depreciation schedule, and not 25%, because the governing rule supported the higher rate. Sales tax recovered from customers under statutory authority is also discussed as not forming part of taxable turnover, since the relevant explanation was treated as clarificatory and not as enlarging the definition of turnover. The note concludes that the higher depreciation rate applies and the collected sales tax is excluded from turnover. en-us Tue, 18 Oct 1983 00:00:00 +0530 Mon, 07 Nov 2016 14:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187799 Depreciation on sales of motor vehicles on hire purchase is discussed as allowable at 30% under the applicable depreciation schedule, and not 25%, because the governing rule supported the higher rate. Sales tax recovered from customers under statutory authority is also discussed as not forming part of taxable turnover, since the relevant explanation was treated as clarificatory and not as enlarging the definition of turnover. The note concludes that the higher depreciation rate applies and the collected sales tax is excluded from turnover. Case-Laws VAT and Sales Tax Tue, 18 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187799