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...distributors could make future purchases. The rebate of bonus discount was not allowed as a deduction by the Madras High Court and, in our opinion, rightly so. It was in the nature of an incentive bonus paid to...figure was derived by deducting from the catalogue price the amount of Rs 1,06,708 paid as trade discount by the assessee to retailers. The Sales Tax Officer refused to allow the deduction and computed...the taxable turnover at Rs 9,78,332. The Sales Tax Officer was of the view that the amount paid by way of trade discount could not be excluded from the catalogue price. The assessee appealed, and the...
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...higher and higher the volume of goods. The rate of discount ascends according to the rise in the volume of purchases. For example, for Delhi City the figures are the following...the discount is given ad hoc on the basis of the previous year's performance and it is adjusted at the end of the year. If the volume of purchases falls to a lesser slab, the dealer has to refund to...discount and (2) additional discount.3. So far as the additional discount is concerned the matters have to go back to the Assistant Commissioner to ascertain the nature and...
...and unfair trade practice on the part of the opposite party and hence the complaint.
3. According to the opposite party, they offered discount for the purchases for Rs.50/- or more...would contend that they offered discount at the rate of 10% for purchases above Rs.50/- and 12% for the purchases above Rs.300/- and the complainant purchased medicines only for Rs.43/- and hence ...photographs, we find that 10% discount is offered to the purchases exceeding Rs.50/- and 12% discount for the purchases exceeding Rs.300/-. Therefore, the complainant is not entitled to claim any ...
...eligible for volume discount, which is paid on monetary terms.c. Hence, the company is eligible for Volume Discount on retail i.e. Sales Commission) and on purchases over and above the...target is eligible for Regular Volume Discount (i.e. on purchases). The authorised supplier issues Credit Note and this credit note is not affecting the purchase price or sale price and hence has no...more purchases is eligible for the volume discount on purchases and a credit note is issued by the authorised supplier and no adjustment of price is made in respect of the goods already sold nor any...
....3. Under the Punjab General Sales Tax Act “turnover” is defined to include“the aggregate of the amounts of sales and purchases and parts of sales and ...trade discount according to ordinary trade practice, but including any sum charged for anything done by the...(1980) 4 SCC 451, (1980) 46 STC 477 had occasion to consider whether additional tax on certain dealers levied on turnover of purchases mentioned in Sect...
...Punjab General Sales Tax Act, 1948 (in short “the Act”) “turnover” is defined in Section 2(i) to include:“The aggregate of the amounts of sales and purchases and parts of sales and ...purchases. This Court explained that there are four circumstances in which it could be included in turnover and they are: (i) if the produce is sold through a commission agent, the commission agent...does not form part of the turnover. The writ petition filed by the respondents was allowed by the High Court and this appeal has been filed by special leave.2. Under the...
...raised by the Revenue is relating to deletion of addition made by Assessing Officer on account of purchases and unaccounted discount.3. The brief facts of this case are that while doing the...scrutiny assessment Assessing Officer made an addition of Rs. 39,92,953/- on account of purchases and Rs. 43,66,780/- on account of discount in respect of transactions made with JAPFA Comfeed India...hearing it is found that the assessee has shown total purchase amount of Rs. 3,09,04,378/- and no discount amount is accounted in the books of A/cs. Whereas from the copy of agreement with JAPFA...
...quantity discount is allowed on the basis of customer's off-take in a specified period. The rate of discount and the quantity to be taken are indicated in the scheme. If the purchases during a half-year...sales exceeded certain higher quantities, then the discount was higher. Similarly, if the total purchases by a dealer exceeded Rs. one lakh in a year, 3 per cent discount was allowed and if the...the manufacturer of the goods had what can be called an “incentive” to make further purchases and not a present incentive to make current purchases in larger quantities. That was not also a case of cash discount be...
...it is a conditional discount offered to a specific individual who orders and purchases the machine and spares together. The order also relies on judgments of the Tribunal in Ruby Chemicals v...goes on to state that even if the order is placed for machine along with the spares, but spares are, for any reason, supplied/delivered at a later date, discount is not available to the buyer and that...the appeal, learned Counsel, Mrs. Reena Khair submits that the discount in question is a normal commercial discount and the same should be deducted while fixing the assessable value. She refers to the...
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...The statement of sale of stamps, etc., popularly known as 'challan' will have to be filled which clarifies the discount available to the stamp vendors on the basis of purchase of stamps and the total....
(ii) Since the stamp vendor has to pay the price less discount in advance to the Treasury Officer and thereafter the required stamps are disbursed to the stamp vendor on the next day of...between 'discount being offered to the stamp vendor, at the time of purchasing the stamp papers' on the one hand, and "the commission which the principal pays to his agent". Reference is also made to...
...marketing the consumer goods through multi level marketing system. A customer comes to the showroom and makes certain purchases and the customer pays the price and is allowed certain discount. M/s.FSPL ask...appellants agree to be distributor and introduces B and C two customers. When B and C make purchases, discount is allowed to B and C and part of discount goes to the appellant-A....register themselves as distributors and introduce D -E and F -G another two customers each. The discount allowed to D-E and F-G goes to these purchasers and part goes to B- C-A. The tree of...
...marketing the consumer goods through multi level marketing system. A customer comes to the showroom and makes certain purchases and the customer pays the price and is allowed certain discount. M/s.FSPL ask...appellants agree to be distributor and introduces B and C two customers. When B and C make purchases, discount is allowed to B and C and part of discount goes to the appellant-A....register themselves as distributors and introduce D -E and F -G another two customers each. The discount allowed to D-E and F-G goes to these purchasers and part goes to B- C-A. The tree of...
...marketing the consumer goods through multi level marketing system. A customer comes to the showroom and makes certain purchases and the customer pays the price and is allowed certain discount. M/s.FSPL ask...appellants agree to be distributor and introduces B and C two customers. When B and C make purchases, discount is allowed to B and C and part of discount goes to the appellant-A....register themselves as distributors and introduce D -E and F -G another two customers each. The discount allowed to D-E and F-G goes to these purchasers and part goes to B- C-A. The tree of...
...marketing the consumer goods through multi level marketing system. A customer comes to the showroom and makes certain purchases and the customer pays the price and is allowed certain discount. M/s.FSPL ask...appellants agree to be distributor and introduces B and C two customers. When B and C make purchases, discount is allowed to B and C and part of discount goes to the appellant-A....register themselves as distributors and introduce D -E and F -G another two customers each. The discount allowed to D-E and F-G goes to these purchasers and part goes to B- C-A. The tree of...
...marketing the consumer goods through multi level marketing system. A customer comes to the showroom and makes certain purchases and the customer pays the price and is allowed certain discount. M/s.FSPL ask...appellants agree to be distributor and introduces B and C two customers. When B and C make purchases, discount is allowed to B and C and part of discount goes to the appellant-A....register themselves as distributors and introduce D -E and F -G another two customers each. The discount allowed to D-E and F-G goes to these purchasers and part goes to B- C-A. The tree of...
...JUSTICE V.K.JAIN, PRESIDING MEMBER (ORAL) The respondent/complainant subscribed to a scheme of the petitioner where under she was to deposit Rs. 5,000/- and get discount of Rs. 150/- per...month on the products which she could buy from various outlets of the petitioner. The number of discount coupons given to the complainant was 36 and she could encash them at any time upto 12.10.2019.... Some of the discount coupons were utilised by the complainant till July, 2013, when the petitioner closed its outlet and discontinued the scheme. This is also the grievance of the complainant...
...purchases exceeded a target figure as bonus incentive is not an allowable deduction. Discount is a part of selling expenses. In support of the above propositions, he relied on the following orders and...incentive to increase the sales. It is contingent upon completing a fixed target of purchases. If the dealer does not lift so much of the stock, he is not entitled to the discount and it is known only after...example, if a dealer purchases goods during the previous year at 4.20 lakhs, then he will be given 2% discount and Credit Notes will be given depending upon the quantity which he may purchase during the...
...para No. 6.9 of his order had calculated the profit on gross purchases at 27.66% and on Net purchases (after discount) at 38.23%. Finally he applied the profit rate of 38.23% to Net purchases of Rs...is after discount) and applied the gross profit ratio arrived at on the basis of net purchases whereas the Hon'ble Tribunal had held that the gross profit ratio calculated on the basis of gross..., where he has held that rate of profit in this trade is more than 20%. The Gross Profit ratio calculated on the basis of gross discount and gross purchases as tabulated below...