Section 16(9) in The Tripura University Act, 2006

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Union of India - Subsection

Section 16(9) in The Tripura University Act, 2006

(9)Calculation of taxable turnover when sale price is inclusive of tax. - Notwithstanding the provisions in clause (zj) of section 2, when sale price shown in a tax invoice is inclusive of tax, the taxable turnover for that invoice may be calculated applying the following formula, namely: -

Tax inclusive of sale proceeds x 100

(100 + Rate of Tax)

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Union of India - Subsection

Section 16(9) in The Tripura University Act, 2006