DEMO|

The Assam Value Added Tax Act, 2003.
CHAPTER - I : PRELIMINARY

Body 2. Definitions.

In this Act, unless the context otherwise requires,-

(44) "sale price" means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the dealer in respect of goods at the time of or before delivery of the goods other than the cost of freight or delivery or the cost of installation in cases where such cost is separately charged.

Explanation I.- For the purpose of this clause 'sale price' includes,-

the amount of duties or fees levied or leviable on the goods under the Central Excise Act, 1944 or the Customs Act, 1962 or the Assam Excise Act, 1910 (Central Act 1 of 1944 Central Act 52 of 1962 Assam Act I of 1910) or under any other enactment whether such duties or fees are paid or payable by or on behalf of the seller or the purchaser or any other person;

    (i) in relation to the transfer of property in goods (whether as goods or in some other form) involved in the execution of works contract, such amount received or receivable as consideration;

    (ii) in relation to the delivery of goods on hire purchase or any system of payment by instalments, the amount of valuable consideration payable to a person for such delivery;

    (iii) in relation to transfer of the right to use any goods for any purpose (whether or not for a specified period) the valuable consideration received or receivable for such transfer; and

Explanation II.- For the purpose of this clause, 'sale price' does not include,-

    (i) tax charged or chargeable under this Act;

    (ii) any amount allowed by seller of goods to the purchaser as cash discount or commission or trade discount at the time of sale of goods subject to the condition that such discount or commission is shown in the original invoice;