Turnover meaning for Karnataka VAT Audit - Professionals - Taxation - TIK Share
0 Likes 1527 Views

Turnover meaning for Karnataka VAT Audit


CA Pulkit Sharma

2013-12-21

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)

MANOJ SHARMA

2013-12-21

yes and turnover is inclusive of tax.

Reply

Vedanta Deshika

2014-02-19

Total turnover or taxable turnover ? 

Reply