https://www.taxtmi.com/caselaws?id=105322 The buyer's market fee was not includible in turnover for purchase tax under the Punjab General Sales Tax Act because the statutory and regulatory scheme placed the legal obligation to pay that fee on the buyer, not the seller. The seller merely collected and deposited the fee on the buyer's behalf and had no independent liability to pay it, so the amount could not form part of sale consideration or turnover for assessment purposes. The Court applied the earlier governing principle on when market fee enters turnover and found the High Court had correctly applied that rule to the Punjab enactment. en-us Wed, 05 May 2004 00:00:00 +0530 Fri, 04 Jul 2014 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105322 The buyer's market fee was not includible in turnover for purchase tax under the Punjab General Sales Tax Act because the statutory and regulatory scheme placed the legal obligation to pay that fee on the buyer, not the seller. The seller merely collected and deposited the fee on the buyer's behalf and had no independent liability to pay it, so the amount could not form part of sale consideration or turnover for assessment purposes. The Court applied the earlier governing principle on when market fee enters turnover and found the High Court had correctly applied that rule to the Punjab enactment. Case-Laws VAT and Sales Tax Wed, 05 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105322