Whether to consider taxable turnover or total turnover for the purpose of VAT 240. My total turnover was Rs.1,01,75,547/- ( out of which exempted is Rs.7,99,690/- and Tax collected Rs.11,87,336/- ) My net taxable turnover was Rs.81,88,521/-
Am I liable to file the VAT 240 or not please confirm.
CAclubindia
