turnover. Section 2(q) defines total turnover and Section 2(r) defines turnover. Section 3 is the charging section. It provides for levy ... expression 'taxable turnover' and 'turnover' in the interpretation clauses in the Act. The former term is defined as the turnover
total turnover of a dealer, the turnovers of all the goods must be aggregated. This is so because the total turnover is defined ... sales turnover as well as purchase turnover under section 7-A or 4. The word "turnover" has been defined as the aggregate amount
General Sales Tax Act . Section 2, which is the definition section, defines "turnover" as meaning the aggregate amount for which the goods ... whole or any portion of such turnover is liable to tax. "Taxable turnover" is defined as meaning the turnover on which the dealer
expenditure has to be excluded.
Export Turnover and Total turnover:
The "total turnover" has been defined in sections
80HHC and 80HHE only ... turnover".
Export turnover is a component of total turnover. If
the entire turnover represents export proceeds, then
the export turnover and the total turnover
expenditure has to be
excluded.
Export Turnover and Total turnover:
The "total turnover" has been defined in sections 80HHC
and 80HHE only ... turnover".
Export turnover is a component of total turnover. If the
entire turnover represents export proceeds, then the export
turnover and the total turnover
Export Turnover and Total turnover:
The "total turnover" has been defined in sections
80HHC and 80HHE only to exclude additional items
given under ... turnover".
Export turnover is a component of total turnover. If
the entire turnover represents export proceeds, then
the export turnover and the total turnover
defines a "Dealer" as a person who carries on the business of buying or selling goods. 'Sale' is defined in Section ... another in the course of trade or business. Section 2 (i) defines 'turnover' as the aggregate amount for which goods are either bought
price, be deemed to be a sale."
Clause (1) defines "turnover'' thus:
"Turnover means the aggregate amount for which goods ... buyer together. He pointed out that the word 'turnover" as defined was not appropriate to what is done by an agent
Thiru Arooran Sugars Ltd. vs Deputy Commercial Tax Officer, ... on 3 October, 1988
Author: S
dealer liable to tax on his " turnover "; and ' turnover ' is defined in Section 2 (j) of the Act in these words ... which the turnover of the dealer has to be determined. It is no doubt true that when turnover has been defined to mean the aggregate
