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:


CST Purchases

Imports and

URD purchases

So Turnover = Sales + CST Purchases + Imports + Purchases from Unregistered Dealers (URD)

Posted 3 years, 11 months ago by CA Pulkit Sharma

yes and turnover is inclusive of tax.

Posted 3 years, 11 months ago by MANOJ SHARMA

Total turnover or taxable turnover ? 

Posted 3 years, 9 months ago by HS VEDANTA DESHIKA

Your Reply:

You need to be logged in to reply.