Gross turnover of sales
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2011
What will be the gross turnover of sales in case of mvat audit in form 704 if the dealer has different vat registration in three different states?
Will gross turnover include the sales of other states or only sales in maharashtra?
Will gross turnover include the sales of other states or only sales in maharashtra?
01 December 2011
Mr. Author,
The MVAT Act itself provides that the terms turnover do not include any sale or purchase carried outside the state,export,in the course of import etc. Therefore,the sales of other branches need not be taken into account for he purpose of MVAT Act.
The MVAT Act itself provides that the terms turnover do not include any sale or purchase carried outside the state,export,in the course of import etc. Therefore,the sales of other branches need not be taken into account for he purpose of MVAT Act.
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