27 February 2013
Is vat and any other taxes to be included in turnover of sales for the purpose of Section 44AD and 44AB.Because as such the Act does not provide for its definition. Plz reply urgently
27 February 2013
If such vat and any other taxes or charges separately showing in invoice and accounting separately then such amount doesn't included in Turnover other wise it shall included in gross turnover or gross receipts.