https://www.taxtmi.com/caselaws?id=40982 The court held that the trade discount allowed by the appellant should not be included in the turnover for sales tax assessment under the Central Sales Tax Act. It emphasized that the sale price for turnover calculation should be determined after deducting the trade discount from the catalogue price. The judgment clarified the distinction between cash discount and trade discount, establishing that trade discount forms a separate component outside the sale price. The decision provides a comprehensive interpretation of the relevant provisions of the Act and sets a clear precedent on the treatment of trade discounts in sales tax assessments. en-us Fri, 12 Oct 1979 00:00:00 +0530 Thu, 07 Aug 2014 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40982 The court held that the trade discount allowed by the appellant should not be included in the turnover for sales tax assessment under the Central Sales Tax Act. It emphasized that the sale price for turnover calculation should be determined after deducting the trade discount from the catalogue price. The judgment clarified the distinction between cash discount and trade discount, establishing that trade discount forms a separate component outside the sale price. The decision provides a comprehensive interpretation of the relevant provisions of the Act and sets a clear precedent on the treatment of trade discounts in sales tax assessments. Case-Laws VAT and Sales Tax Fri, 12 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40982