MEMORANDUM

Sub :- Regarding sale and sale price of excisable goods.

This is to bring it to the notice of all concerned that as per provision Section 2(26) of the Tripura Value Added Tax Act, 2004 "Sale price means the amount of valuable consideration received or receivable by a dealer for the sale of any goods less any sum allowed as cash discount, according to the practice normally prevailing in the trade, but-inclusive of any sum charged for anything done by the dealer in respect of the goods or services at the time of or before delivery thereof, excise duty, special excise duty or any other duty or taxes except the tax imposed under this Act".

Tax should therefore, be collected on sale of liquor @20% on the sale price as defined above at the first point of sale as provided under Section 3(b)(ii) proviso read with schedule II(d) and the Notification No. F.I-11(17)-TAX/VAT/2005/5828-901 Dated 31.03.2005.