Amendment status not verified — confirm the current text below against the official source.
Amendment of Section 2. (1) In the Nagaland Sales Tax Act, 1967 (as amended in 1971) (hereinafter referred to as the Principal Act) sub-section (3) of Section 2 of the Principal Act shall be substituted by the following sub-section (3), namely : —“Dealer” means any person who carries on the business of buying or selling goods in Nagaland and includes Government. Explanation 1:- A Cooperative Society or a club or any Association Which sells goods to its members is a dealer. Explanation II : — A factor, a broker, a commission agent, a delcredere agent, an auctioneer or any other merchantile agent, by whatever name called, and whether of the same description as hereinbefore mentioned or not who carries on the business of Selling goods and who has in the customary course of business, authority to sell goods belonging to others including the principal is a dealer. Explanation Ill :— ‘Business’ includes (a) any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce, or manufacture, whether or not such trade, commerce, manufacture, adventure or Concern is carried on with the motive to make profit and whether or not may profit accrues from such trade, commerce, manufacture or concern; and (h) any transaction in connection with or ancillary or incidental to such trade, commerce, manufacture, adventure or concern.” (2) After sub-section (7) of Section 2 of the principal Act, the following sub-section. shall he inserted, namely —“(7A) ‘Concessional turnover’ means the turnover which is covered by sub-clause (h) of clause 1 of section 14.” (3) (a) In clause (a) of sub-section (12) of section 2 of the principal Act, the words “or” appearing at the end of the said clause of sub-section (12) of Section 2 of the principal Act shall he omitted. (h) Clause (b) of sub-section (12) of Section 2 of the principal Act shall be omitted.