Definitions (cont.)

"taxable turnover" in relation to a dealer for any period means that part of dealer's turnover which remains after deduction therefrom - (1) the sale price of goods declared tax free under section 15; (2) in respect of goods on which tax is payable under clause (i) of section 8; (i) the sale price of goods in relation to which deduction is provided under the Act; (ii) sale of tax under section 8(i) x aggregate of sale prices 100+ rate of tax under section 8(i); (i) the sale price of such goods which are in the nature of tax paid goods in the hands of such dealer; (ii) the sale price of goods in relation to which deduction is provided under the Act; rate of tax under section 8(ii) x aggregate of sale prices 100+ rate of tax under section 8(ii) after allowing deduction under paragraph (ii) of clause (w) Provided that - a) no deduction on the basis of the above formula in paragraph (ii) of sub-clause (2) or paragraph (ii) of sub-clause (3) shall be made if the amount of tax under clause (i) or clause (ii) of section 8 collected by a registered dealer in accordance with the provisions of the Act, has been otherwise deducted from the aggregate of sale prices; (b) where the turnover of a dealer is taxable under clause (i) or clause (ii) of section 8 at different rates, the formula under paragraph (ii) of sub-clause (2) or paragraph (ii) of sub-clause (3) shall be applied separately in respect of such part of the turnover liable to a different rate of tax. Explanation - For the purpose of levy of tax under clause (i) and tax under clause (ii) of section 8 the taxable turnover shall be determined separately.