https://www.taxtmi.com/article/detailed?id=7280 A discount need not appear on the original tax invoice to be deductible; the sale price must be determined by combined consideration of the tax invoice and contemporaneous accounts and documents reflecting the trade discount and actual price received. Transactions allowing discounts must be proven by contemporaneous records and the final sale price after discount must be reflected in the assessee's accounts to satisfy the rule governing taxable turnover. en-us Wed, 15 Feb 2017 07:24:07 +0530 Wed, 15 Feb 2017 07:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7280 A discount need not appear on the original tax invoice to be deductible; the sale price must be determined by combined consideration of the tax invoice and contemporaneous accounts and documents reflecting the trade discount and actual price received. Transactions allowing discounts must be proven by contemporaneous records and the final sale price after discount must be reflected in the assessee's accounts to satisfy the rule governing taxable turnover. Articles Value Added Tax - VAT and CST Wed, 15 Feb 2017 07:24:07 +0530 https://www.taxtmi.com/article/detailed?id=7280