M/S Maya Appliances (P) Ltd Now Known As ... vs Addl. Commissioner Of Commercial Taxes

The Supreme Court ruled that discounts given by the appellant to its distributors, classified as quantity discounts, are allowable deductions under the Karnataka Value Added Tax Act 2003. The Court held that the definition of 'turnover' under Section 2(36) includes the net amount received after discounts, and thus VAT should be computed on this net amount. The Court overturned the High Court's dismissal of the appellant's claims, affirming that the discounts are part of regular business practice and should be recognized in the computation of taxable turnover.