Section 59A. Defination

For the purposes of this Chapter, unless the context otherwise requires,-

(a) “contractor” or “sub-contractor” means the dealer referred to in sub-clause (f) of clause (10) of section 2;

(b) “specified sale” means the sale referred to in sub-clause (b) of clause (23) of section 2;

(c) “specified sale price” in relation to the transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract, means such amount as is arrived at by deducting from the amount of valuable consideration paid or payable to a person for execution of such works contract, the amount representing labour charges for such execution and the price paid or payable for the goods purchased in the course of inter-state trade or commerce or in the course of import of goods into the territory of India for the use in execution of such works contract; and

(d) “specified works contract” means a works contract, the specified sale price of which exceed one crore rupees.