https://www.taxtmi.com/caselaws?id=128709 Sales tax collected by a dealer from customers was treated as part of the sale consideration and therefore includible in turnover under the General Sales Tax Act, as the statutory definition covered the aggregate amount for which goods were sold. The earlier Travancore-Cochin view was treated as displaced by the later Supreme Court position. The subsequent amendment excluding sales tax collections from net turnover was held to operate only from its commencement date, because there was no express retrospective intent and the tax liability for earlier sales had already become complete. The assessment was upheld and the exclusion was denied. en-us Wed, 31 Oct 1962 00:00:00 +0530 Wed, 10 Apr 2013 14:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128709 Sales tax collected by a dealer from customers was treated as part of the sale consideration and therefore includible in turnover under the General Sales Tax Act, as the statutory definition covered the aggregate amount for which goods were sold. The earlier Travancore-Cochin view was treated as displaced by the later Supreme Court position. The subsequent amendment excluding sales tax collections from net turnover was held to operate only from its commencement date, because there was no express retrospective intent and the tax liability for earlier sales had already become complete. The assessment was upheld and the exclusion was denied. Case-Laws VAT and Sales Tax Wed, 31 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128709