https://www.taxtmi.com/caselaws?id=269272 For computing a turnover tax exemption fee based on "annual gross turnover," non-taxable components outside the Act's taxing power cannot be included. The expression was read in light of the statutory definitions of turnover and taxable turnover, and the State's power to exempt was treated as no wider than its power to tax. Branch transfers, consignment transfers, inter-State sales and export sales were therefore excluded from the computation base. On that reasoning, the revisional challenge to the assessment failed and the assessee's computation was accepted. en-us Thu, 15 Oct 2015 00:00:00 +0530 Sat, 12 Dec 2015 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269272 For computing a turnover tax exemption fee based on "annual gross turnover," non-taxable components outside the Act's taxing power cannot be included. The expression was read in light of the statutory definitions of turnover and taxable turnover, and the State's power to exempt was treated as no wider than its power to tax. Branch transfers, consignment transfers, inter-State sales and export sales were therefore excluded from the computation base. On that reasoning, the revisional challenge to the assessment failed and the assessee's computation was accepted. Case-Laws VAT and Sales Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269272