https://www.taxtmi.com/caselaws?id=795297 Balance VAT arising from the corrected rate on pre-2010 pressure-cooker sales must be calculated on the original sale price, excluding VAT. The analysis states that output tax, sale price, gross turnover and taxable turnover require VAT to be levied on the stated sale price exclusive of tax charged or chargeable. Recasting the original price to treat the gross amount as tax-inclusive would detach the assessment from the original taxable sale price and reduce the differential liability. Calculating total VAT at 12.5% and the balance liability at 8.5% on that original price does not impose VAT on VAT, as the tax base remains the original sale price. en-us Fri, 17 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795297 Balance VAT arising from the corrected rate on pre-2010 pressure-cooker sales must be calculated on the original sale price, excluding VAT. The analysis states that output tax, sale price, gross turnover and taxable turnover require VAT to be levied on the stated sale price exclusive of tax charged or chargeable. Recasting the original price to treat the gross amount as tax-inclusive would detach the assessment from the original taxable sale price and reduce the differential liability. Calculating total VAT at 12.5% and the balance liability at 8.5% on that original price does not impose VAT on VAT, as the tax base remains the original sale price. Case-Laws VAT / Sales Tax Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795297