https://www.taxtmi.com/caselaws?id=335301 A post-sale discount given through a credit note may be recognised under the Karnataka VAT framework even if it was not reflected in the tax invoice, provided the assessee proves that it is a trade discount or arises from an agreed or established contractual policy. The factual basis for the deduction must be supported by satisfactory material. The Tribunal erred by rejecting the claim only because the discount was not shown in the invoice and by not examining whether the discount policy had been proved. The matter was therefore remanded for fresh consideration on the evidence and in accordance with law. en-us Wed, 28 Sep 2016 00:00:00 +0530 Wed, 30 Nov 2016 10:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335301 A post-sale discount given through a credit note may be recognised under the Karnataka VAT framework even if it was not reflected in the tax invoice, provided the assessee proves that it is a trade discount or arises from an agreed or established contractual policy. The factual basis for the deduction must be supported by satisfactory material. The Tribunal erred by rejecting the claim only because the discount was not shown in the invoice and by not examining whether the discount policy had been proved. The matter was therefore remanded for fresh consideration on the evidence and in accordance with law. Case-Laws VAT and Sales Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335301