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Sales turnovers

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(Querist)
15 June 2014 sir , if anybody ask sales turnover , may i. said sales turnover with sales tax or with out sales tax. pls clarify.
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Nikhil Kaushik

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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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 June 2014 yes practically it must be not of taxes............
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Rupesh Jain

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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.
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Rupesh Jain

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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.
Profile Image

Rupesh Jain

Profile Image

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.
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