The State Government of Madhya Pradesh on 11th January 2021 has published the Madhya Pradesh High-Speed Diesel Upkar (Sanshodhan) Adhyadesh 2021 in which a new definition for the term taxable turnover has been substituted.
As per section 2 (f) the term “taxable turnover in relation to a dealer means that the part of the dealers turnover which remains after deducting therefrom:
The sale price of high-speed diesel purchased from a registered dealer where the cess is payable by the selling dealer on purchase made therefrom and the amount collected by way of cess
Provided that no deduction shall be made if the amount by way of cess collected by a registered dealer in accordance with the provision of this act has been otherwise deducted from the turnover.
