CASE LIST
Union of India (UOI) vs. A.K. Spintex Ltd. and Anr., (2008)12Vat Reporter 67 (Rajasthan High Court)
“Once the goods are supplied, the property in the goods passes to the purchaser, and seller becomes entitled to the price, and once the debit note is issued by the purchaser, and corresponding credit note is issued by the seller, the price of the goods stand reduced to the extent of debit note and credit note, meaning thereby, that after issuance of debit note and credit note, the price of goods charged by the seller, from the purchaser, is the price, initially billed, minus the amount of the debit note, and credit note.” (para 7)