https://www.taxtmi.com/caselaws?id=356127 Where the quoted sale price is only provisional and the seller is legally bound to refund any excess after final price fixation, sales tax and turnover must be computed on the amount actually and legally receivable. The statutory concepts of sale price and turnover cover only consideration retained as payable, not sums that are later refunded under the contract. On that basis, the excess amount initially charged could not form part of taxable turnover, and sales tax paid on that excess was refundable. en-us Fri, 23 Feb 2018 00:00:00 +0530 Sat, 08 Sep 2018 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356127 Where the quoted sale price is only provisional and the seller is legally bound to refund any excess after final price fixation, sales tax and turnover must be computed on the amount actually and legally receivable. The statutory concepts of sale price and turnover cover only consideration retained as payable, not sums that are later refunded under the contract. On that basis, the excess amount initially charged could not form part of taxable turnover, and sales tax paid on that excess was refundable. Case-Laws VAT and Sales Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356127