Important definitions as per CST ACT 1956

Business as per section 2(aa) of CST ACT, 1956

The term business includes –

1. Any trade, commerce or manufacture or any adventure or concern in nature of trade, commerce or manufacture, whether or not such trade, commerce or manufacture, adventure or concern is carried on with a motive to make gains and whether or not any gain accrues from such trade, commerce or any adventure or concern and;
2. Any transaction in connection with or incidental or ancillary to; such trade, commerce or manufacture or any adventure or concern.

Dealer as per section 2(b) of CST ACT, 1956

“dealer” means any person who carries on (whether regularly or otherwise) the business of buying, selling, supplying or distributing good directly or indirectly for cash or deferred payment or for commission or remuneration or other valuable consideration and includes:

a)       A local authority, a body corporate, a company, any co-operative society or other society, club, firm, Hindu undivided family or other associations of persons which carries on such business

b)      A factor, broker, commission agent, delcreder agent or any other mercantile agent by whatever name called, and whether of the same description as herein before mentioned or not, who carries on the business of buying, selling, supplying or distributing goods belonging to any principal whether disclosed or not; and

c)       An auctioneer who carries on the business of selling or auctioning goods belonging to any principal whether disclosed or not and whether offer of intending purchaser is accepted by him or the principal or a nominee of the principal.

Sale Price as per section 2(h) of CST ACT, 1956

“Sale price means the amount payable to a dealer as consideration for the sale of any goods less any sum allowed as cash discount according to practice prevailing in trade, but inclusive of any sum charged for anything done by the dealer in respect of the goods at the time of or before the delivery, other than cost of freight or delivery or cost of installation in case when such cost is charged separately. Provided that in the case of a transfer of property in goods (whether as goods or in some other form) involved in the execution of works contract, the sale price of such goods shall be determined in the prescribed manner by making such deduction from the total consideration for the works contract as may be prescribed and such price shall be deemed to be the sale price for the purpose of this clause.”