under this Act shall be levied
(a) in the case of taxable turnover in respect of the goods specified in the First Schedule ... twelve paise in the rupee;
(b) in the case of taxable turnover in respect of the goods specified in the Second Schedule at such rate
taxable person" means a person, who is registered for the purpose of paying value added tax under this Act; (zo) "taxable turnover" means that part ... expression 'taxable quantum' means - (a) for registration as a taxable person for VAT - (i) in relation to any person, who imports taxable goods for sale
purposes of the Central
Sales Tax Act, 1956 to be their taxable turnover. Similarly,
he treated the gross turnover ... sales
vis-a-vis the State of Orissa to be their taxable turnover.
After allowing adjustment of Rs. 27,88,388.47 p paid
taxable goods" means goods other than those on the sales or purchase of which no tax is payable under section 5; (30) "taxable turnover" means ... lakhs and whose taxable turnover exceeded rupees ten thousand in a year (the aforesaid amounts of total turnover and taxable turnover are hereinafter referred
fixed percentage of
the total turnover was deducted from the total turnover as
labour charges before arriving at the taxable turnover. Each
State adopted ... fixed percentage of the total turnover was
deducted from the total turnover as labour charges before
arriving at the taxable turnover. Each State adopted
leviable on a dealer in respect of
his taxable turnover. To compute taxable turnover of a
dealer, certain deductions are required to be made from ... taxable turnover.
*The concept of taxable turnover is different from that of
gross turnover and to compute taxable turnover of a dealer,
certain deductions
provided for the deduction of the following sales in
calculating the taxable turnover, viz., sales which take
place (a) in the course of the import ... fixing Rs. 30,000 and Rs. 5,000 as the minimum
taxable turnover for general tax and special tax
respectively are not discriminatory and void
Under VAT there are three classes of dealers. Those dealers whose taxable turnover is less than Rs. 7.5 lakhs, and the dealer who deals exclusively ... third category of dealers are called VAT dealers whose taxable turnover is above Rs. 50 lakhs (now T.O. limit increase
taxable turnover of purchase" means turnover obtained after deducting from the gross turnover of purchase such amounts as may be prescribed; (an) "taxable turnover ... turnover of such purchase and turnover of such sale, of all goods, as defined hereunder, during such preceding assessment year had exceeded the taxable quantum
territory of India or sold in the course of export; (38) "Taxable turnover" means the aggregate of sale prices of all taxable goods; Explanation ... taxable turnover;] [Added by Act No.21 of 2011.] (39) [ "Total turnover" means the aggregate of sale prices of all goods, taxable and exempted, sold
