https://www.taxtmi.com/caselaws?id=156029 Amounts collected by a dealer under a contractual obligation to remit the bulk to the principal-manufacturer do not constitute the dealer's own trading receipt. Only the amount actually retained by the dealer and attributable to its business is includible in taxable turnover; the balance remitted to the principal falls outside the dealer's turnover. On that basis, the court held that the entire collection on sale of application forms for scooter bookings was not taxable in the dealer's hands, and only the retained amount could be assessed. en-us Wed, 28 Feb 1990 00:00:00 +0530 Thu, 12 Sep 2013 14:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156029 Amounts collected by a dealer under a contractual obligation to remit the bulk to the principal-manufacturer do not constitute the dealer's own trading receipt. Only the amount actually retained by the dealer and attributable to its business is includible in taxable turnover; the balance remitted to the principal falls outside the dealer's turnover. On that basis, the court held that the entire collection on sale of application forms for scooter bookings was not taxable in the dealer's hands, and only the retained amount could be assessed. Case-Laws VAT and Sales Tax Wed, 28 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156029