Definitions 1

2. Definitions - In this Act, unless the context otherwise specifies, (1) „Act‟ means the Tripura Value Added Tax Act, 2004. (2)

“Assessee” means any person by whom tax or any other sum of money is payable under this Act and includes every person in respect of whom any proceeding under this Act has been taken for the assessment of tax payable by him; (3) „Assessing Authority‟ means an officer of the Finance (Excise & Taxation) Department, authorised to make any assessment under the Act. (4) „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 or manufacture, adventure or concern is carried on with a motive to making gain or profit and whether or not any profit accrues from such trade, commerce, manufacture, adventure or concern; and

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(b) any transaction in connection with, or incidental or ancillary to, such trade, commerce, manufacture, adventure or concern. (5) „ Capital goods‟ means plant, machinery and equipment used in the process of manufacturing. (6) „Casual traders‟ means a person who, whether as principal, agent or in any other capacity, carries on occasional transaction of a business nature involving the buying, selling, supplying or distribution of goods in the State, whether for cash or for deferred payment or for com- mission, remuneration or other valuable consideration. (7) „Commissioner‟ means any person appointed by the State Government to be a Commissioner of Taxes. (8) „Dealer‟ means any person who carries on the business of buying, selling, supplying for commission, remuneration or other valuable consideration, and includes- (a) an industrial, commercial, banking, or trading undertaking whether or not of the Central Government or any of the State Governments or a local authority; (b) an advertising concern or agency; (c) a casual trader; (d) a company, firm, club, association, society, trust, or cooperative society, whether incorporated or un-incorporated, which carries on such business; (e) a commission agent, a broker, a del credere agent, any auctioneer or any other mercantile agent by whatever name called, who carries on the business of buying, selling, supplying or distributing goods on behalf of any principal; (f) an agent of a non-resident dealer or a local branch of a firm or company or association situated outside the State; (g) a person who sells goods produced by him by manufacture or agriculture or otherwise; (h) a person engaged in the business of transfer otherwise than in pursuance of a contract of property in any goods or cash, deferred payment or other valuable consideration;