2. Definitions

In this Act, unless the context otherwise requires-

(n) "Turnover" includes the aggregate of the amounts of sale and purchase and parts of sale and purchase made by any dealer whether as principal agent or in any other capacity, and

Explanation:- Subject to such conditions and restrictions, if any, as may be prescribed in this behalf

(1) The amount for which goods are sold shall, in relation to a contract, be deemed the amount payable to the dealer for carrying out such contract less the cost of labour;

(2) Any cash or other discount on the price allowed in respect of any amount refunded in respect of articles returned by the customers shall not be included in the turnover;

(3) The proceeds of sale of any goods on the purchase of which tax is leviable under this Act or the purchase value of any goods on the sale of which tax is leviable under this Act shall not be included in the turnover but the purchase value of the goods liable to tax under section 4-B shall be included;