STATE OF PUNJAB vs CHHABRA RICE MILLS .

The Supreme Court held that under the Punjab General Sales Tax Act, 1948, market fee does not form part of the turnover for the purpose of purchase tax assessment. The Court interpreted 'turnover' as defined in Section 2(i) of the Act, concluding that the market fee is the buyer's obligation and not part of the sale consideration. The appeal was dismissed, affirming the High Court's decision that no sales tax is applicable on the market fee element.