https://www.taxtmi.com/caselaws?id=307553 Amounts collected before delivery for registration, insurance and handling of a motor vehicle fall within "sale price" under the inclusive definition covering sums charged for work done by the seller before delivery, and the related taxable value includes such pre-delivery charges. Incentive and discount amounts reimbursed by the manufacturer through credit notes were treated as part of the dealer's turnover, reducing the available set-off. Set-off on demo vehicles depends on whether they were capitalized as capital assets; if they remained stock-in-trade, the Rule 54 bar does not apply. Limited prospective protection was granted for registration-related liability for the earlier period noted in the ruling. en-us Wed, 20 Jun 2018 00:00:00 +0530 Fri, 21 Apr 2023 21:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307553 Amounts collected before delivery for registration, insurance and handling of a motor vehicle fall within "sale price" under the inclusive definition covering sums charged for work done by the seller before delivery, and the related taxable value includes such pre-delivery charges. Incentive and discount amounts reimbursed by the manufacturer through credit notes were treated as part of the dealer's turnover, reducing the available set-off. Set-off on demo vehicles depends on whether they were capitalized as capital assets; if they remained stock-in-trade, the Rule 54 bar does not apply. Limited prospective protection was granted for registration-related liability for the earlier period noted in the ruling. Case-Laws VAT and Sales Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307553