Sales

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2013 According to sec 44AB sales ( Turnover ) means whether included VAT & Excised duty or not?


question ?

Sales = Rs.96 lakhs (Excluding VAT&Excise Duty)

VAT = Rs.4 lakhs

Excise= Rs.2 lakhs

Please tell me weather VAT & Excise Duty including Sales or not for the purpose of Audit of 44AB

01 August 2013 sec 44AB uses the words gross turnover.
gross means inclusive of non refundable taxes.



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