AS-17........
This query is : Open
30 June 2011
Should we take sales above rs. 50 crores including excise & vat or not ????????????
30 June 2011
Turnover means excluding the Excise and VAT only. so do not include that
01 July 2011
Dear Ramesh,
As per my understanding turnover refers only exclusive of VAT. Please confirm.
As per my understanding turnover refers only exclusive of VAT. Please confirm.
04 July 2011
Hi.
AS-17 is not defining the exact term of turnover. but most of the accounting interpretations and taxation terms like Income tax and other direct tax defining the turn over excluding the excise duty also.
so i stand in my position as turn over excludes excise duty also.
i am keeping open this query for other experts opinion
AS-17 is not defining the exact term of turnover. but most of the accounting interpretations and taxation terms like Income tax and other direct tax defining the turn over excluding the excise duty also.
so i stand in my position as turn over excludes excise duty also.
i am keeping open this query for other experts opinion
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Short Term Gain Reporting ITR
- U/S 194 T
- 44AD, 44ADA business details
- Old Traces Portal
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
