Stamp vendor
This query is : Open
Sunil Tejwani
(Querist)
02 February 2014
what should be considered as turnover for a stamp vendor, amount realised from stamp sale or the commission received for audit under section 44 AB
02 February 2014
On commission only and not on turnover as the vendor is working on behalf of Govt.
08 March 2016
As per Judgement of Ahmedabad Stamp Vendors ... vs Union Of India on 28 June, 2002 Equivalent citations: (2002) 176 CTR Guj 193 turnover of sale includes full value of sale consideration received and not a discount received. Stamp vendors are not commission agent and they are dealer of stamps. contract of sale is there and contract of agency
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