Supreme Court Allows Deduction of Quantity Discounts in VAT Calculation: Maya Appliances vs. Commissioner of Commercial Taxes (2018)

/ A M Khanwilkar, D Y Chandrachud, Dipak Misra, Judges, Karnataka Value Added Tax Act, 2003, Karnataka Value Added Tax Act, 2003 with Section 2(34), Karnataka Value Added Tax Act, 2003 with Section 2(36), Karnataka Value Added Tax Act, 2003 with Section 3, Karnataka Value Added Tax Rules, 2005, Karnataka Value Added Tax Rules, 2005 with Rule 3(2)(c), Tax Law, Taxable Turnover, Trade Discounts, Value Added Tax

Supreme Court Allows Deduction of Quantity Discounts in VAT Calculation: Maya Appliances vs. Commissioner of Commercial Taxes (2018) Date of the Judgment: 06 February 2018 Citation: (2018) INSC 87 Judges: Dipak Misra, CJI, A M Khanwilkar, J, Dr D Y Chandrachud, J. Can a company deduct discounts given to distributors from its taxable turnover, even […]

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