Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.32, Revenue (C.T.II) Department, dated 15.10.2014. Central Act 28 of 2005. 16 [Act No.5 of 2005] (e) a tax on the supply of goods by any un- incorporated association or body of persons to a member thereof for cash, deferred payment or other valuable consideration; (f) a tax on the supply, by way of or as part of any service or in any other manner whatsoever of goods, being food or any other article for human consumption or any drink whether or not intoxicating, where such supply or service is for cash, deferred payment or other valuable consideration; (35) „Tax invoice‟ means a sale invoice containing such details as may be prescribed and issued by a VAT dealer to another VAT dealer; (36) „Tax period‟ means a calendar month or any other period as may be prescribed; (37) „Taxable Sale‟ means a sale of goods taxable under the Act and under the Central Sales Tax Act, 1956 and shall include sale of any goods exported outside the territory of India or sold in the course of export; (38) „Taxable turnover‟ means the aggregate of sale prices of all taxable goods; Explanation-I:- For the purpose of a VAT dealer, it shall not include the amount of VAT paid or payable but shall include the sale price of zero-rated sales; Explanation-II:- The sale price relating to second and subsequent sale of goods specified in Schedule VI shall not, form part of taxable turn over; Central Act 74 of 1956. [Act No.5 of 2005] 17 12[Explanation-III:- The Sale price, relating to loose liquor, served to customer in a bar/restaurant which was derived from the goods enumerated in item 1 of the Schedule-VI, on which tax at special rates has been levied and paid in the State, shall not form part of the taxable turnover;] 13[(39) „Total turnover‟ means the aggregate of sale prices of all goods, taxable and exempted, sold at all places of business of the dealer in the State, whether directly by himself or through his agent or agents, including the turnover of sales involved in the transactions falling under sections 3, 5, 6A and 8(6) of the Central Sales Tax Act, 1956 and shall also include the gross consideration received or receivable towards execution of works contract;] (40) „Turnover tax‟ or „TOT‟ means a tax on the taxable turnover of dealers registered or liable to be registered for TOT; (41) „Turnover Tax Dealer‟ or „TOT‟ dealer means any dealer who is registered or liable to be registered for TOT; (42) „VAT‟ means Value Added Tax on sales, levied under the provisions of the Act; (43) „VAT dealer‟ means a dealer who is registered for VAT; (44) „Vessel‟ includes any ship, barge, boat, raft, timber, bamboos or floating materials propelled in any manner;