https://www.taxtmi.com/caselaws?id=423040 Credit notes or discounts received after invoicing are excluded from assessment where the supplier has paid tax on the invoice value and does not seek refund or input-tax adjustment. The amended fifth proviso to Section 11(3) of the Kerala Value Added Tax Act prevails over Explanation VII to the definition of turnover in this context. Although Explanation VII deems specified reimbursements to be turnover, it cannot override the proviso's express protection for credit notes that do not affect input tax credit and for reimbursement of dealer-incurred expenses. Such receipts therefore cannot be taxed as deemed turnover. en-us Wed, 06 Apr 2022 00:00:00 +0530 Wed, 07 Jun 2023 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423040 Credit notes or discounts received after invoicing are excluded from assessment where the supplier has paid tax on the invoice value and does not seek refund or input-tax adjustment. The amended fifth proviso to Section 11(3) of the Kerala Value Added Tax Act prevails over Explanation VII to the definition of turnover in this context. Although Explanation VII deems specified reimbursements to be turnover, it cannot override the proviso's express protection for credit notes that do not affect input tax credit and for reimbursement of dealer-incurred expenses. Such receipts therefore cannot be taxed as deemed turnover. Case-Laws VAT and Sales Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423040