Retention calculation on branch transfer
Querist : Anonymous
kindly provide definiton of taxable turnover..
Does it include exports???
i.e. this exclude all sales which are not subject to taxed under this act., turnover of exempted goods under this act, labor charges in case of work contracts.
you must refer definition of taxable turnover under ur state vat act.
Querist : Anonymous
this is under normally excluded, you must refer ur state VAT act if there is any contravene.
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