Amendment status not verified — confirm the current text below against the official source.
(I) (a) all such transactions are within the competence of the Board; and (b) all such transactions are reported to the Board in the immediately following Annual Meeting. 4 [Explanation I.-A barter that is, sale by exchange of' goods shall be deemed to be a sale only when the exchange is based or worked out in terms of the value of the goods, exchanged.] 5 [ Explanation 2.-A sale of goods shall be deemed to have taken place in the State if it fulfils the requirements of sub-section (2) of section 4 of the Central Sales Tax Act, 1956; ] 74 of