As per Karnataka VAT Act the dealer has to get his accounts audited if the turnover crosses 1 crore.
As per the act the turnover includes:
So Turnover = Sales + CST Purchases + Imports + Purchases from Unregistered Dealers (URD)
Posted 3 years, 2 months ago by CA Pulkit Sharma
yes and turnover is inclusive of tax.
Posted 3 years, 2 months ago by MANOJ SHARMA
Total turnover or taxable turnover ?
Posted 3 years ago by Half-God Half-Man
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