STATE OF PUNJAB vs GURANDITTA MAL SHAUTI PARKASH

The Supreme Court ruled that under the Punjab General Sales Tax Act, market fees do not form part of the turnover for the purpose of purchase tax assessment. The Court clarified that the market fee is not included in the sale consideration as it is not paid by the buyer to the seller, and thus, the appellants are not required to show it in their turnover. The judgment distinguished the current case from Anand Swarup Mahesh Kumar v. The Commissioner of Sales Tax, emphasizing the specific obligations regarding market fees under the Agricultural Produce Market Committee Act.