Discount received through Credit Notes not part of Taxable Turnover under Kerala VAT Act: Kerala HC [Read Order]

Discount - Credit Notes - Taxable - Kerala VAT Act - Kerala HC - Taxscan

A full bench of the Kerala High Court has held that the discount received through credit notes is not part of the taxable turnover under the Kerala Value Added Tax Act, The department initiated reassessment on the ground that a part of the sales turnover of the dealer has not undergone selfā€“assessment and did not…

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