Sales turnovers
This query is : Resolved
15 June 2014
sir , if anybody ask sales turnover , may i. said sales turnover with sales tax or with out sales tax. pls clarify.
Nikhil Kaushik
(Expert)
15 June 2014
depends on the premise. in Income tax, turnover is inclusive of taxes. whereas in accounting, you might be just reporting actual sales exclusive of taxes.
in generic management angle, the actual sales exclusive of all the taxes constitute the turnover.
in generic management angle, the actual sales exclusive of all the taxes constitute the turnover.
15 June 2014
yes practically it must be not of taxes............
Rupesh Jain
(Expert)
16 June 2014
every trade, or company maintain diff-2 accounting method.
some are show sales with excise and sales tax as Total sales of its company/firm.
some only show basic amount of his product or service as sales.
some are show sales with excise and sales tax as Total sales of its company/firm.
some only show basic amount of his product or service as sales.
Rupesh Jain
(Expert)
16 June 2014
every trade, or company maintain diff-2 accounting method.
some are show sales with excise and sales tax as Total sales of its company/firm.
some only show basic amount of his product or service as sales.
some are show sales with excise and sales tax as Total sales of its company/firm.
some only show basic amount of his product or service as sales.
Rupesh Jain
(Expert)
16 June 2014
every trade, or company maintain diff-2 accounting method.
some are show sales with excise and sales tax as Total sales of its company/firm.
some only show basic amount of his product or service as sales.
some are show sales with excise and sales tax as Total sales of its company/firm.
some only show basic amount of his product or service as sales.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
