9911796707
Advanced Search 
TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ed on with a motive to make gain or profit and whether or not any gain or profit accrues from such trade, commerce, manufacture, adventure or concern; and (ii) any transaction in connection with, or incidental or ancillary to, such trade, commerce, manufacture, adventure or concern; (ab) "crossing the customs frontiers of India" means crossing the limits of the area of a customs station in which imported goods or export goods are ordinarily kept before clearance by customs authorities. Explanation : For the purposes of this clause, "customs station" and "customs authorities", shall have the same meanings as in the Customs Act, 1962 (52 of 1962);] 4[(b)"dealer" means any person who carries on (whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt, and every local branch or office in a State of a firm registered outside that State or a company or other body corporate, the principal office or headquarters whereof is outside that State, shall be deemed to be a dealer for the purposes of this Act. Explanation 2 : A Government which, whether or not in the course of business, buys, sells, supplies or distributes, goods, directly or otherwise, for cash or for deferred payment or for commission, remuneration or other valuable consideration, shall, except in relation to any sale, supply or distribution of surplus, unserviceable or old stores or materials or waste products or obsolete or discarded machinery or parts or accessories thereof, be deemed to be a dealer for the purposes of thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y any unincorporated association or body of persons to a member thereof for cash, deferred payment or other valuable consideration; (vi) a supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (whether or not intoxicating), where such supply or service, is for cash, deferred payment or other valuable consideration, but does not include a mortgage or hypothecation of or a charge or pledge on goods;] (h) "sale price" means the amount payable to a dealer as consideration for the sale of any goods, less any sum allowed as cash discount according to the practice normally prevailing in the trade, but inclusive of any sum charged f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [(ja) "works contract" means a contract for carrying out any work which includes assembling, construction, building, altering, manufacturing, processing, fabricating, erection, installation, fitting out, improvement, repair or commissioning of any movable or immovable property;] (k) "year", in relation to a dealer, means the year applicable in relation to him under the general sales tax law of the appropriate State, and where there is no such year applicable, the financial year. ------------------------- Notes:- 1. Omitted vide Act 31 of 1958, Section 2, w.e.f. 1.10.1958. 2. Omitted vide Act 31 of 1958, Section 2, w.e.f. 1.10.1958, before it was read as:- "Explanation:- 'Place of business' means- (i) in the case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chase of goods generally or on any specified goods expressly mentioned in that behalf, and "general sales tax law" means the law for the time being in force in any State or part thereof which provides fot he levy of tax on the sale or purchase of goods generally. 10. Substituted vide Act 28 of 1969, Section 2, for the words "and determined in the prescribed manner" 11. Inserted vide Finance Act, 2005 w.e.f. 13.05.2005. 12.Omitted vide THE TAXATION LAWS (AMENDMENT) Act, 2017 w.e.f. 1st day of July, 2017 before it was read as "(c) "declared goods" means goods declared under section 14 to be of special importance in inter-State trade or commerce;" 13.Substituted vide THE TAXATION LAWS (AMENDMENT) Act, 2017 w.e.f. 1st da ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
