CARO 2016
This query is : Resolved
23 October 2016
under caro 2015, turnover limit was calculated by:
1. deducting trade discounts
2. sales tax/ excise duty shud be deducted
3. sales return should be deducted
4. commission to 3rd party shud not be deducted
now whether under caro 2016, the same criteria will apply for the calculation of turnover??
24 October 2016
1. Same method to be followed and
2. To include:-
* 'other income'
* revenue from discontinuing operations.
2. To include:-
* 'other income'
* revenue from discontinuing operations.
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