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:

Sales

CST Purchases

Imports and

URD purchases

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

Posted 3 years, 6 months ago by CA Pulkit Sharma


yes and turnover is inclusive of tax.

Posted 3 years, 6 months ago by MANOJ SHARMA


Total turnover or taxable turnover ? 

Posted 3 years, 4 months ago by Half-God Half-Man


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