https://www.taxtmi.com/caselaws?id=364760 Amounts received by a dealer from the manufacturer through credit notes for warranty replacement of defective parts were treated as sale consideration for the parts supplied, because the real nature of the transaction controls and the customer did not pay the consideration directly. On that basis, such receipts were held to form part of taxable turnover under the Madhya Pradesh Value Added Tax Act, 2002, and the contrary view was not accepted in light of the Supreme Court position referred to in the text. The stated effect is that warranty replacement receipts are includible in turnover and taxable. en-us Thu, 25 Jan 2018 00:00:00 +0530 Sat, 04 Aug 2018 08:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364760 Amounts received by a dealer from the manufacturer through credit notes for warranty replacement of defective parts were treated as sale consideration for the parts supplied, because the real nature of the transaction controls and the customer did not pay the consideration directly. On that basis, such receipts were held to form part of taxable turnover under the Madhya Pradesh Value Added Tax Act, 2002, and the contrary view was not accepted in light of the Supreme Court position referred to in the text. The stated effect is that warranty replacement receipts are includible in turnover and taxable. Case-Laws VAT and Sales Tax Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364760