In this Act, unless there is anything repugnant in the subject or context,-

(w). "Taxable turnover" in relation to a dealer for any period means that part of dealer's turnover which remains after deducting therefrom,-

(1) the sale price of goods declared tax free under Section 15;

(2) in respect of goods on which tax is payable under clause (i) of Section 8,-

(i) the sale price of goods in relation to which deduction is provided under the Act;

(ii) the amount arrived at by applying the following formula.

	Rate of tax under Section 8(i) X Aggregate of sale prices
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	100 + Rate of tax under Section 8(i)

(3) in respect of goods on which tax is payable under clause (ii) of Section 8,-

(i) the sale price of such goods which are in the nature of tax paid goods in the hands of such dealer;

(ii) the sale price of goods in relation to which deduction is provided under the Act;

(iii) Omitted

Provided that -

(a) no deduction on the basis of the above formula under paragraph (ii) of sub-clause (2) shall be made if the amount of tax under clause (i) of Section 8 collected by a registered dealer in accordance with the provisions of the Act, has been otherwise deducted from the aggregate of sale prices;

(b) where the turnover of a dealer is taxable under clause (i) of Section 8 at different rates, the formula under paragraph (ii) of sub-clause (2) shall be applied separately in respect of such part of the turnover liable to a different rate of tax.

Explanation - For the purpose of levy of tax under clause (i) and tax under clause (ii) of Section 8 the taxable turnover shall be determined separately.