Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context otherwise requires (1) “appointed date” means the date appointed for the commencement of the provisions of this Act under sub-section (3) of section 1 (2) “ business” includes (i) any trade, commerce of manufacture or any adventure of concern in the nature of trade, commerce or manufacture whether or not such trade, commerce, manufacture, adventure if carried on with the motive to make gain or profit and whether or not any again or profit accrues therefrom, and (ii) any transaction in connection with or incidental or ancillary to such trade, commerce, manufacture, adventure or concern. (3) “Commissioner” means a person appointed to be the Commissioner of Taxes under sub-section (1) of section 3 (4) “company” means a company as defined under section 3 of the Companies Act. 1956 (1 of 1956) (5) “dealer” means any person who for commission remuneration, or otherwise carries on business of buying taxable goods in the State and includes — (i) Government and local authority, (ii) a co-operative society or a club or any association which supplies goods to its members or which sells goods supplied to it by its members. (iii) a factor, a broker a commission on agent delcredere agent, an auctioneer or any other mercantile agent whatever names called and whether of the same description as herein before mentioned or no who carries on the business of purchasing goods who has, in the custom of business authority to purchase goods for and on behalf of or belonging to principal whether residing within or outside the State, and includes a person delivering goods on hire purchase or any system of payment by installment. Explanation: Notwithstanding anything contained elsewhere in this Act or in any other Law for the time being in force, every person holding a formal document or instrument in powering such a specified person to act for and in the name of local Naga authorized by or under ‘Power of Attorney’ or any other authorization, document by whatever name called, executed or signed carries on business as aforesaid in the State shall be considered to be a dealer along with the local Naga shall he jointly and severally subject to the provisions of this Act. (6) “declared goods” means goods declared under section 14 of the Central Sales Tax Act, (74 of 1956) to be of special importance in inter state trade of commerce and the sale of which is taxable under this Act. (7) “director” means in relation to a company has the meaning assigned to it in the Companies Act, 1956 (1 of 1956). (8) “firm, partner and partnership” has the meanings respectively as assigned to them in the Indian Partnership Act, 1932 (9 of 1932). (9) “manufacture” with all its grammatical variations and cognate expressions means producing making extracting, altering, ornamenting, planting, finishing or otherwise processing, trading or adapting any goods “but does not includes such manufacture, or manufacturing process as may be prescribed. Explanation: for the purpose of this clause the cutting, sawing, shaping, sizing or hewing of timbers, shall be deemed to be manufacture. (10) “month” means the month according to the English calendar (11) “official gazette” means the official gazette of the government, of the State. (12) “prescribed” means prescribed by rules made under this Act. (13) “person means” any individual or association or body of individuals and includes a department of any government or Hindu- Undivided or Joint Family, a firm and a company whether incorporated or not. (14) “purchase price” means the amount paid or payable by a dealer for any purchase of taxable goods including any sum charged for (i) anything done by the seller with or in respect of the goods at the time of or before delivery thereof, (ii) containers or other material for the packing of such goods. (15) “quarter” means a period of 3 months ending on 31st March, 30th June, 30th September or 31st December in any year. (16) “registered dealer” means a dealer registered under the provision of this Act, (17) “rules” means the rules framed under this Act, (18) “State” means the State of Nagaland; (19) “section” means section of this Act; (20) “schedule” means the schedule to this Act (21) “tax” means a purchase tax, turnover tax or additional tax as the case may be payable under this Act (22) “taxable goods” means goods specified in the Schedule: (23) turnover of purchase means the aggregate of the amounts or purchase of taxable goods made by him during any return period after deducting the amount of purchase price, if any, refunded to the sealer in respect of any taxable goods and their containers purchased from the seller and returned to him within a period of three months from the date of delivery of goods: (24) “year means the financial year. Taxing authorities