https://www.taxtmi.com/caselaws?id=163973 Amounts recovered from customers as "security" formed part of turnover under the U.P. Trade Tax Act because the statutory definition is wide, the sums were collected in the bills at 2% to 4%, and there was no evidence that they were refundable or ever returned. The separately charged insurance amount did not form part of turnover because it was collected independently, the goods were insured at customers' request, and it was not part of the sale consideration or the aggregate amount for which the goods were sold. The revenue succeeded on the security amount, while the assessee succeeded on the insurance charge. en-us Tue, 22 Jul 2008 00:00:00 +0530 Wed, 03 Dec 2014 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163973 Amounts recovered from customers as "security" formed part of turnover under the U.P. Trade Tax Act because the statutory definition is wide, the sums were collected in the bills at 2% to 4%, and there was no evidence that they were refundable or ever returned. The separately charged insurance amount did not form part of turnover because it was collected independently, the goods were insured at customers' request, and it was not part of the sale consideration or the aggregate amount for which the goods were sold. The revenue succeeded on the security amount, while the assessee succeeded on the insurance charge. Case-Laws VAT and Sales Tax Tue, 22 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163973