DEFINITIONS

DEFINITIONS

A.(18). "Goods"

[Section 2(1)(r)of Haryana Value Added Tax Act, 2003] 

"Goods" means every kind of movable property, tangible or intangible, other than newspapers, actionable claims, money, stocks and shares or securities but includes growing crops, grass, trees and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale;

A.(19). "Goods carrier"

[Section 2(1)(s)of Haryana Value Added Tax Act, 2003] 

 "Goods carrier" includes motor vehicle, vessel, boat, cart, animal or any other means of conveyance but shall exclude railway wagon or coach;

A.(20). "Government"

[Section 2(1)(t) of Haryana Value Added Tax Act, 2003] 

 "Government" means the Central or any State Government;

A.(21). "Gross turnover"

[Section 2(1)(u) of Haryana Value Added Tax Act, 2003] 

 "Gross turnover" when used in relation to any dealer means the aggregate of the sale prices received or receivable in respect of any goods sold, whether as principal, agent or in any other capacity, by such dealer and includes the value of goods exported out of State or disposed of otherwise than by sale;

Explanation.- (i) The aggregate of prices of goods in respect of transactions of forward contracts, in which goods are actually not delivered, shall not be included in the gross turnover.

(ii) Any amount received or receivable or paid or payable on account of variation, escalation or de-escalation in the price of any goods sold previously to any person but not exactly determinable at that time, shall, subject to such conditions and restrictions, as may be prescribed, be included in, or excluded from, the gross turnover, as the case may be, in the manner prescribed.

(iii) Any amount collected by the dealer by way of tax shall not be included in the gross turnover and where no tax is shown to have been charged separately, it shall be excluded from the taxable turnover (denoted by TTO') taxable at a particular rate of tax in per cent (denoted by V) by applying the following formula –

Tax      =  r x TTO

     100+ r

Illustration - If TTO is 220 and r is 10 (per cent), tax will be 20.

A.(22). “Import into State"

[Section 2(1)(v) of Haryana Value Added Tax Act, 2003] 

 “Import into State" means bringing or receiving goods in the State from outside the State otherwise than by purchase of such goods in the course of inter-State trade or commerce or import of goods into the territory of India;

A.(23). “Input tax"

[Section 2(1)(w) of Haryana Value Added Tax Act, 2003] 

 “Input tax" means the amount of tax paid to the State in respect of goods sold to a VAT dealer, which such dealer is allowed to take credit of as payment of tax by him, calculated in accordance with the provisions of section 8;

A.(24). "Manufacture"

[Section 2(1)(x) of Haryana Value Added Tax Act, 2003] 

 "Manufacture" means processing of goods resulting into production of different commercial goods including by-products and waste products;

Note - Every processing of goods may not result into different commercial goods;

A.(25). "Minerals" 

[Section 2(1)(y) of Haryana Value Added Tax Act, 2003] 

  "Minerals" mean all substances which can be obtained from the earth by mining, digging, drilling, dredging, hydraulicing, quarrying or by any other operation and include these substances processed for marketing;

A.(26). "Place of business"

[Section 2(1)(z) of Haryana Value Added Tax Act, 2003] 

 "Place of business" in relation to a dealer means any place where the dealer carries on his business and includes -

(i) a place where he sells or purchases any goods, or carries on any process of manufacture of goods;

(ii) a warehouse, godown or other place where he stores his goods;

(iii) a place where he keeps his books of account;

(iv) any of his office or branch office; and

(v) the place of business of his agent, by whatever name called;

A.(27). "Prescribed"

[Section 2(1)(za) of Haryana Value Added Tax Act, 2003] 

 "prescribed" means prescribed by rules made under this Act;

A.(28). "Quarter"

[Section 2(1)(zb) of Haryana Value Added Tax Act, 2003] 

 "Quarter" means a period of three months ending on 30th June, 30th September, 31st December or 31st March;

A.(29). "Registered"

[Section 2(1)(zc) of Haryana Value Added Tax Act, 2003] 

 "Registered" means registered under this Act;

A.(30). "Revising authority"

[Section 2(1)(zd) of Haryana Value Added Tax Act, 2003] 

 "Revising authority" means a person who exercises power of revision under this Act;

I think attending a GST seminar is of big importance these days, this is probably the reason our ICAI is carrying out such programmes.

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