https://www.taxtmi.com/caselaws?id=105615 Where the buyer was obliged to bear the market fee and the seller only recovered it, that amount was not the seller's liability and could not be treated as sale consideration or turnover under the Punjab General Sales Tax Act, 1948. Applying the turnover definition and the market-fee mechanism, the SC followed earlier decisions on the same levy and held that purchase tax could not be charged on the market-fee component. The State's challenge therefore failed, and the element of market fee was excluded from turnover for purchase tax purposes. en-us Thu, 17 Nov 2005 00:00:00 +0530 Tue, 29 Nov 2022 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105615 Where the buyer was obliged to bear the market fee and the seller only recovered it, that amount was not the seller's liability and could not be treated as sale consideration or turnover under the Punjab General Sales Tax Act, 1948. Applying the turnover definition and the market-fee mechanism, the SC followed earlier decisions on the same levy and held that purchase tax could not be charged on the market-fee component. The State's challenge therefore failed, and the element of market fee was excluded from turnover for purchase tax purposes. Case-Laws VAT and Sales Tax Thu, 17 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105615