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TMI Blog1978 (5) TMI 110X X X X Extracts X X X X X X X X Extracts X X X X ..... wing question for our opinion: "Whether, on the facts and circumstances of the case, the dealer was assessable under section 18 of the U.P. Sales Tax Act, when his purchases were of Rs. 5,360 in a period of four months in this year?" The assessee started a new business from 20th December, 1968. Up to 31st March, 1969, he made purchases of the value of Rs. 5,360 and effected sales of Rs. 2,220. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion (2) of section 3 or whose turnover during such period is liable to tax under sub-section (2) of section 3 shall, within 30 days from the expiry of the month in which business was commenced, give notice of the fact to the assessing authority, and shall submit a statement of his turnover at such intervals, within such period in such form and verified in such manner as may be prescribed. (3) If ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eds Rs. 1,000. In order to see as to whether the turnover of purchases can be taken into account for purposes of section 18(2), we will have to refer to the definition of "turnover" in section 2(i), which is to the following effect: "(i) 'Turnover' means the aggregate amount for which goods are supplied or distributed by way of sale or bought or sold by a dealer, either directly or through anothe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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