https://www.taxtmi.com/caselaws?id=57890 Interest charges and hundi charges collected only for allowing deferred payment of the balance sale consideration are not part of the sale price under section 2(29) of the Bombay Sales Tax Act, 1959. The statutory definition covers valuable consideration for the sale and sums charged for things done in respect of the goods at or before delivery, but these charges were not linked to any act done to the goods. As the sale price was fixed separately and the interest operated merely as compensation for instalment payment, the charges were distinct from the sale price and were not includible in turnover. en-us Fri, 09 Jan 1976 00:00:00 +0530 Wed, 15 Dec 2010 12:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57890 Interest charges and hundi charges collected only for allowing deferred payment of the balance sale consideration are not part of the sale price under section 2(29) of the Bombay Sales Tax Act, 1959. The statutory definition covers valuable consideration for the sale and sums charged for things done in respect of the goods at or before delivery, but these charges were not linked to any act done to the goods. As the sale price was fixed separately and the interest operated merely as compensation for instalment payment, the charges were distinct from the sale price and were not includible in turnover. Case-Laws VAT and Sales Tax Fri, 09 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57890