taxes is upon the dealer whose turnover of sales exceeds a prescribed limit. Section 2(6) defines a "dealer" meaning any person ... payment of price or on fees or subscription. Section 2(20) defines "turnover", meaning by that expression, the aggregate of the amounts
short) and consequently would not form part of
"turnover of sales" as defined in section 2(36) of the
said ... against each
of them in the respective Schedule. The 'taxable turnover'
defined under section 2(30) of the VAT Act means the
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Section 2(e) of the Hyderabad General Sales
Tax Act defines "dealer" as meaning any person.
local authority, company, firm, Hindu undivided
family ... sells or supplies goods to its members.
Section 2(m) defines "turnover" as, meaning an
aggregate amount for which goods are either
bought
with the following minimum criteria:
(e) Achieved a minimum annual financial turnover (defined as
billing for works in progress and completed in all classes
Duty and Sales Tax
are to be excluded from the total turnover as defined under Section
80HHC Explanation (ba) of the Income ... with reference to export
turnover. Therefore, "turnover" was the requirement.
Commission, rent, interest, etc. did not involve any turnover.
Therefore, 90% of such
Duty and Sales Tax
are to be excluded from the total turnover as defined under Section
80HHC Explanation (ba) of the Income ... with reference to export
turnover. Therefore, "turnover" was the requirement.
Commission, rent, interest, etc. did not involve any turnover.
Therefore, 90% of such
Supreme Court of the
Kerala General Sales Tax Act, 1963 defining turnover are peri materia to those
contained in the Gujarat Value Added
Section 2 is the definition section. Clause (i) of section 2 defines "sales tax law" to mean any law for the time being ... sale or purchase of goods generally. "Turnover" is defined in section 2 , clause (j), to mean the aggregate of the sale prices received
computation of section 80HHC , is also clear if explanation (ba)
defining total turnover is perused and so interpreted by the Supreme
court in the case
brands / trademarks, five
large brands which constitute 60% of the turnover
are defined as select brands for valuation and
rest of the brands are categorized
