Determination of turnover

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..... aggregate of sale prices : 100 plus rate of tax Provided that no deduction on the basis of the above formula shall be made if the amount by way of tax collected by a registered dealer, in accordance with the provisions of this Act, has been otherwise deducted from the aggregate of sale prices. Explanation : Where the turnover of a dealer is taxable at different rates, the aforesaid formula sh .....

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..... t may, having regard to the prevalent market conditions, facility of trade and interests of consumers, prescribe. (2) Save as otherwise provided in sub-section (1), in determining the turnover of a dealer for the purposes of this Act, no deduction shall be made from the aggregate of the sale prices.] ------------------------- Notes:- 1. Inserted vide Act 28 of 1969, Section 5 (retrospectively .....

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