Supreme Court · 2012 INSC 112 · Decided 27 February 2012
M/S Ifb Industries LTD. v. State of Kerala
- Court
- Supreme Court of India
- Citation
- 2012 INSC 112 · [2012] 4 S.C.R. 802
- Case number
- CIVIL APPEAL No. 2516/2012
- Decided
- 27 February 2012
- Bench
- AFTAB ALAM, ANIL R. DAVE (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Sa/es Tax - Kera/a General Sales Tax Rules, 1963- r.9(a) - Trade discount - Eligibility for exemption - Held: Exemption C is allowable subject to two conditions; first, the discount is given in accordance with the regular practice in the trade and secondly, the accounts should show that the charged less the discount - Nothing in rule 9(a) to read it in the restrictive manner to mean D that a discount in order to qualify for exemption under its provision must be shown in the invoice itself - Kera/a General Sales Tax Act, 1963 - s.2(xxvii). How far deductions are allowable
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