https://www.taxtmi.com/caselaws?id=425014 Trade discount forming part of the commercial sale arrangement is deductible from taxable turnover when supported by the relevant records, and omission to disclose it in the original monthly return does not by itself defeat an otherwise admissible claim if revised returns are filed. Goods that have already suffered tax at the first point of sale cannot be subjected to tax again on later sales within the same series merely because the resale price is higher. The Tribunal's order was set aside to the extent it upheld the disallowance and additional levy, and the assessee's revision succeeded. en-us Wed, 06 Jul 2022 00:00:00 +0530 Wed, 13 Jul 2022 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425014 Trade discount forming part of the commercial sale arrangement is deductible from taxable turnover when supported by the relevant records, and omission to disclose it in the original monthly return does not by itself defeat an otherwise admissible claim if revised returns are filed. Goods that have already suffered tax at the first point of sale cannot be subjected to tax again on later sales within the same series merely because the resale price is higher. The Tribunal's order was set aside to the extent it upheld the disallowance and additional levy, and the assessee's revision succeeded. Case-Laws VAT and Sales Tax Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425014