https://www.taxtmi.com/caselaws?id=374505 Explanation VII to Section 2(lii) of the Kerala VAT Act was applied to treat supplier discount or recoupment as part of turnover, and the issue was decided for the Revenue on that point. However, where sales turnover had already been estimated by applying gross profit, a further addition of the same discount to compute taxable turnover was held impermissible because it would tax the same component twice. The assessment was sustained only to the extent of the gross profit-based estimation, and separate inclusion of discount was disallowed, granting partial relief to the assessee. en-us Fri, 04 Jan 2019 00:00:00 +0530 Mon, 04 Feb 2019 07:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374505 Explanation VII to Section 2(lii) of the Kerala VAT Act was applied to treat supplier discount or recoupment as part of turnover, and the issue was decided for the Revenue on that point. However, where sales turnover had already been estimated by applying gross profit, a further addition of the same discount to compute taxable turnover was held impermissible because it would tax the same component twice. The assessment was sustained only to the extent of the gross profit-based estimation, and separate inclusion of discount was disallowed, granting partial relief to the assessee. Case-Laws VAT and Sales Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374505