Wednesday, February 15, 2017
Home Indirect Taxation Trade discount is deductible under VAT even if it is given subsequent to sale via credit note: SC

Trade discount is deductible under VAT even if it is given subsequent to sale via credit note: SC

The Supreme Court of India held that trade discounts affectuated subsequent to original sale but evidenced by contemporaneous documents and reflected in relevant accounts are allowable.
Southern Motors v. State of Karnataka [2017] 77 taxmann.com 251 (SC)
Posted by at Wednesday, February 15, 2017
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1 comments:

  1. UnknownJuly 14, 2018

    Wonderful information, thanks a lot for sharing kind of information.
    Regards, Move In Deep Cleaning in Dubai

    ReplyDelete

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