7 Section 2(17) Manufacturer Substantive Inclusive &

or Producer Exclusive

(17) “manufacturer” or “producer” means a person who engages, whether exclusively or not,
in the production or manufacture of goods whether or not the raw material of which the goods
are produced or manufactured are owned by him; and shall include ….
8 Section 2(19) Open Market Substantive Exclusive
Price

(19) “open market price” means the consideration in money which that supply or a similar
supply would generally fetch in an open market;
9 Section 2(21) Person Substantive Exclusive

(21) “person” means,– (a) an individual; (b) a company or association of persons

incorporated, formed, organized or established in Pakistan or elsewhere; (c) the Federal
Government; (d) a Provincial Government; (e) a local authority in Pakistan; or (f) a foreign
government, a political subdivision of a foreign government, or public international
organization;
10 Section 2(23) Registered Substantive Exclusive
Office

(23) “registered office” means the office or other place of business specified by the registered
person in the application made by him for registration under this Act or through any
subsequent application to the [Commissioner];
11 Section 2(29) Return Procedure Exclusive

(29) “return” means any return required to be furnished under Chapter-V of this Act;
12 Section 2(31A) Special Audit Procedure Exclusive

(31A) “special audit” means an audit conducted under section 32A;]

13 Section 2(35) Taxable Procedure Inclusive and
Activity Exclusive
(35) “taxable activity”, means any economic activity carried on by a person whether or not for
profit, and includes – –
14 Section 2(40) Tax Invoice Substantive Exclusive
 (40) “tax invoice” means a document required to be issued under section 23;
15 Section 2(43) Tax Period Substantive Exclusive

(43) “tax period” means a period of one month or such other period as the [Board, with the
approval of the Federal Minister-in-charge,] may by notification in the official Gazette,
specify;