2006 (9) TMI 528

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..... ther the levy under the Rural Development Fund shall form part of the turnover or not? The assessee is a registered dealer under the provisions of the Punjab General Sales Tax Act, 1948 (for short, the 1948 Act ). One of the questions for consideration was whether fee under the Rural Development Fund Act, 1987 was a part of turnover . The term turnover has been defined under section 2(i) .....

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..... igation to pay the market fee and it is the duty of the seller to deposit the market fee on behalf of the buyer and, therefore, to realise it from the buyer, it is not the legal obligation of the seller to pay market fee on such a transaction and thus the amount of market fee cannot be treated as part of the sale consideration. It cannot be seriously disputed that this was the position in law in t .....

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