Amendment status not verified — confirm the current text below against the official source.
Added by Act No.28 of 2008. [Act No.5 of 2005] 5 or distributes goods in the State or acts on behalf of such dealer as,- (i) a mercantile agent as defined in the Sale of Goods Act, 1930; or (ii) an agent for handling goods or documents of title relating to goods; or (iii) an agent for the collection or the payment of the sale price of goods or as a guarantor for such collection or payment and every local branch of a firm or company situated outside the State; shall be deemed to be a dealer for the purpose of the Act; Explanation II: Where a grower of agricultural or horticultural produce sells such produce grown by himself on any land in which he has an interest whether as owner, usufructuary mortgagee, tenant or otherwise, in a form different from the one in which it was produced after subjecting it to any physical, chemical or any process other than mere cleaning, grading or sorting, he shall be deemed to be a dealer for the purpose of the Act; Explanation III: The Central Government or the State Government which, whether or not in the course of business, buys, sells, supplies or distributes goods, directly or otherwise, for cash or for deferred payment or for commission, remuneration or other valuable consideration shall be deemed to be a dealer for the purposes of the Act; Explanation IV: Each of the following persons and bodies, whether or not in the course of business, who sells or disposes of any goods including unclaimed or confiscated or unserviceable goods or scrap, surplus, old, obsolete, or discarded material or waste products whether by auction or otherwise, directly or through an agent for Central Act III of 1930. 6 [Act No.5 of 2005] cash, or for deferred payment or for any other valuable consideration shall be deemed to be a dealer to the extent of such disposals or sales, namely,- (i) Port Trust; (ii) Municipal Corporations, Municipal Councils, and other local authorities; (iii) Railway authorities; (iv) Shipping, transport and construction companies; (v) Air transport companies and air-lines including National Airport Authority; (vi) Transporters holding permits for transport vehicles granted under the Motor Vehicles Act, 1988 which are used or adopted to be used for hire; (vii) Telangana State Road Transport Corporation; (viii) Customs Department of the Government of India administering the Customs Act, 1962; (ix) Insurance and financial corporations or companies and Banks included in the Second Schedule to the Reserve Bank of India Act, 1934; (x) Advertising agencies; (xi) Any other Corporation, company, body or authority owned or set up by or subject to administrative control of the Central Government or any State Government; Central Act 52 of 1962. Central Act 59 of 1988. Central Act 2 of 1934. [Act No.5 of 2005] 7 Explanation V:- Save as otherwise expressly provided for under the Act the word „dealer‟ shall include a VAT dealer and a TOT dealer; (11) „Deputy Commercial Tax Officer‟ means any person appointed to be a Deputy Commercial Tax Officer under section 3-A; (12) „Deputy Commissioner‟ means any person appointed to be a Deputy Commissioner of Commercial Taxes under section 3-A; (13) „Exempt sale‟ means a sale of goods on which no tax is chargeable, and consequently no credit for input tax related to that sale is allowable; (14) „Exempted Turnover‟ means the aggregate of sale prices of all goods exempted under the Act and full or part of the actual value or fair market value of all transactions not taxable under the provisions of the Act, including transactions falling under section 6A of the 6[Central Sales Tax Act, 1956]; (15) „Fair market value‟ means the price that the goods would ordinarily fetch on sale in the open market on the date of sale or dispatch or transfer of such goods; (16) „Goods‟ means all kinds of movable property other than newspapers, actionable claims, stocks, shares and securities, and includes all materials, articles and commodities including the goods as goods or in some other form, involved in the execution of a works contract or those goods used or to be used in the construction, fitting out, improvement or repair of movable or immovable property and also includes all growing crops, grass and things