Discounts and Rebates not part of ‘Sale Price’ | Refund of tax paid on excess amount

The Supreme Court’s latest judgement in Universal Cylinders Limited vs. Commercial Taxes Officer interpreted Section 2(39) of the Rajasthan Sales Tax Act, 1994, which defines ‘sale price’. In the judgement it is noted that under section 2(39) “sale price” means the amount paid or payable to a dealer as consideration for the sale less any Read More …