from the total turnover of a dealer for the purposes of
this Section.”
9. The expression “total turnover” + “turnover” which has been
used under Section ... under Section 6B, reference is made on ‘total turnover’ and
not the ‘turnover’ as defined under Section
software bears to the total turnover of the business carried on by the
undertaking. Export turnover has been defined under Explanation ... bears to the 'Total Turnover'. "Export Turnover" as defined in Explanation
2 to section 10A means the consideration in convertible foreign
should form part of the Export Turnover while
considering the deduction under section 10A of the Income-tax Act
1961 (the Act). In this context ... hence eligible as part of export
turnover for section 10A purposes. The term 'export turnover' as
defined in Section
plain reading of
Section 2(r) of TNGST which defines turnover:
Sec.2(r) :- “turnover” means the aggregate
amount for which goods are bought
2019 01:49:58 :::HCHP
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(a) Copies of original documents defining the
constitution or legal status, place of
.
registration, and principal place of
business ... applicant shall meet the following minimum
criteria:
(a) Average annual turnover (defined as billing
for works in progress and completed in all
classes of civil
turnover is a part of the total
turnover.
7. The export turnover, in the numerator must
have the same meaning as the export turnove ... defined. The definition of "Export turnover"
excludes freight and insurance. Since export
turnover has been defined by Pa rl iament and there
agent. Referring to
Section 2(41) of the TNVAT Act which defines “turnover” would include even
the sale by the agent. The learned counsel referred ... agent would be also
liable. Section 2(41) of the Act defines turnover to mean aggregate amount for
which goods are brought or sold
turnover' must also be excluded from 'total turnover',
since one of the components of 'total turnover' is export turnover ... Section 10A of the Act would be as follows:
5
Export turnover as defined in Explanation 2 (IV) of
Section 10A of IT Act
Export
turnover is a part of the total
turnover.
7. The export turnover, in the numerator must
have the same meaning as the export turnove ... defined. The definition of "Export turnover"
excludes freight and insurance. Since export
turnover has been defined by Pa rl iament and there
apparent that what is
chargeable to tax is the taxable turnover of a dealer
and in so far as it relates to a works contract ... reference is to transfer of
property. Similarly Section 2(36) defines "Turnover"
to mean the aggregate of amount for which goods are
sold
