1990 (8) TMI 386

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....hority, the first appellate authority and the Sales Tax Appellate Tribunal negatived the plea of the assessee, that turnover tax, as provided under section 5(2A) of the KGST Act is not exigible in the instant case. The assessee has come up in revision. 2.. We heard counsel. The assessee returned a total turnover of Rs. 56,15,915.15 and claimed exemption of the entire turnover. The sales from April 1, 1987 to June 31, 1987 in the sum of Rs. 15,95,642.36 was excluded. The assessing authority determined the taxable turnover under turnover tax scheme at Rs. 40,20,272.77. He held that section 5(2A) of the KGST Act was applicable and levied turnover tax in the sum of Rs. 20,101. It was confirmed in appeal. The Appellate Tribunal concurred with....

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....cordance with the terms of a contract or agreement entered into in a particular case and provided also that the accounts show that the purchaser has paid only the sum originally charged less discount; (g) all amounts allowed to purchasers in respect of goods returned by them to the dealer when the goods are taxable on sales provided that the goods were returned within a period of three months from the date of delivery of the goods and the accounts show the date on which the goods were returned and the date on which and the amount for which refund was made; and (h) all amounts received from the sellers in respect of goods returned to them by the dealer, when the goods are taxable on the purchase value provided that the goods were retur....