https://www.taxtmi.com/caselaws?id=152511 Section 18 of the U.P. Sales Tax Act applied to a dealer who commenced business during the assessment year if the average estimated monthly turnover for the remaining period met the statutory threshold. The definition of "turnover" in section 2(i) included not only sales receipts but also purchase value. On the stated facts, the dealer's sales turnover alone was below the limit, but the purchases brought the average monthly turnover above the prescribed threshold, so the dealer was assessable to tax under section 18. en-us Fri, 05 May 1978 00:00:00 +0530 Fri, 05 Jul 2013 17:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152511 Section 18 of the U.P. Sales Tax Act applied to a dealer who commenced business during the assessment year if the average estimated monthly turnover for the remaining period met the statutory threshold. The definition of "turnover" in section 2(i) included not only sales receipts but also purchase value. On the stated facts, the dealer's sales turnover alone was below the limit, but the purchases brought the average monthly turnover above the prescribed threshold, so the dealer was assessable to tax under section 18. Case-Laws VAT and Sales Tax Fri, 05 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152511