Section 5. Levy of Value Added Tax on goods specified in the Schedule appended to this Act:-

(1) Subject to the provision of this Act, and Rules, there shall be levied a tax on the turnover of sales of goods specified in the Scheduled to be notified in the Official Gazette at the rate set out against each of such goods in the Schedule to be notified. (2)Taxable turnover of sales in relation to a dealer, liable to pay tax on sale of goods under sub-section (1) of section 3 shall be a part of the gross turnover of sales during any period which remains after deducting there from: (a) Sales of goods declared as exempt from tax in schedule to be notified; (b) Sales of goods which are shown to be satisfaction of the Commissioner to have taken place- (i) In the course of inter-State trade or commerce, or (ii) Outside Meghalaya, or (iii) In the course of the import of the goods into or export of the goods out of the territory of India. Explanation:-Section 3,4 and 5 of the Central Sales Tax Act, 1956 shall apply for determining whether or not a particular sale or purchase has taken place in the manner indicated in sub-clause (i), sub-clause (ii) or sub-clause (iii). (c) In case of turnover of sales in relation to works contract, the charges towards labour services and other like charges and subject to such conditions as may be prescribed; Provided that in the cases where the amount of charges towards labour, services and other like charges in such contract are not ascertainable from the terms and conditions of the contract, the amount of such charges shall be calculated at the prescribed percentage. (d)Such other sales on such conditions and restrictions as may be prescribed.