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FORM 240 UNDER KVAT RULES 34(3)


Sir

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.

Thanks




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