Exemptions 14

8

(32) “Taxable Turnover” means the turnover on which a dealer is liable to pay tax; (33) “Transporte” means a registered transport company, a carrier or a transporting agent operating transport business in Tripura in taxable goods. (34) “Tribunal” means the Tribunal constituted under this Act; (35) "'Turnover' means the aggregate amount for which goods are either purchased or bought or sold or supplied or distributed by a dealer, either directly or through another whether on own account or on account of other, whether for cash or for deferred payment, or other valuable consideration." 1 Explanation :- (1) The turnover in respect of delivery of goods on hire purchase or on any system of paymeniby installments shall be the market price of the goods so delivered, (2) The turnover in respect of the transfer of the right to use any goods shall be the aggregate amount received or receivable by the dealer as consideration for such transfer, (3) Subject to such conditions and restrictions, if any, as may be prescribed in this behalf, - (a) the amount for which goods are sold shall include any sum charged for anything done by the dealer in respect of the goods sold at the time of, or before, the delivery thereof; (b) any cash discount on the price allowed in respect of any sale or any amount refunded in respect of goods returned by customers shall not be included in the turnover; and (c) where for accommodating a particular customer, a dealer obtains goods from another dealer and immediately disposes of the same to the said customer, the sale in respect of such goods shall be included in the turnover of the later dealer but not in that of the former; (4) The turnover in respect of purchase of taxable goods means goods as mentioned in schedule VIII. 2 1 Substituted vide the TVAT (Amendment) Ordinance, 2007 (w.e.f 17-7- 2007) and subsequent legislation vide the TVAT (Amendment) Act, 2007(dt. 9-10-2007) 2 Inserted vide the TVAT (Amendment) Ordinance, 2007 (w.e.f 17-7- 2007) and subsequent legislation vide the TVAT (Amendment) Act, 2007(dt. 9-10-2007)