https://www.taxtmi.com/caselaws?id=191333 Discount under the Karnataka Value Added Tax Rules is allowable only where it follows regular practice or a contract, the invoice or bill of sale discloses the discount amount, and the accounts reflect payment of the reduced price. As the invoices did not show the discounts and that factual position was undisputed, the deduction was rightly disallowed. The rectification orders were held to be consistent with the statutory requirement, and no interference in writ jurisdiction was warranted under Article 226. en-us Fri, 20 Jul 2012 00:00:00 +0530 Thu, 30 Mar 2017 18:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191333 Discount under the Karnataka Value Added Tax Rules is allowable only where it follows regular practice or a contract, the invoice or bill of sale discloses the discount amount, and the accounts reflect payment of the reduced price. As the invoices did not show the discounts and that factual position was undisputed, the deduction was rightly disallowed. The rectification orders were held to be consistent with the statutory requirement, and no interference in writ jurisdiction was warranted under Article 226. Case-Laws VAT and Sales Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191333