Total turnover _ for kvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2015
Kindly provide us the clarification regarding the items to be included in the Definition of Total Turnover.
12 December 2015
Total turnover’ means the aggregate turnover in all goods of a dealer at all places of business in the State, whether or not the whole or any portion of such turnover is liable to tax, including the turnover of purchase or sale in the course of interstate trade or commerce or in the course of export of the goods out of the territory of India or in the course of import of the goods into the territory of India and the value of goods ransferred ordespatched outside the State otherwise than by way of sale.
13 December 2015
If it is under KERALA VAT ACT 2003 ,section 2 (li) may be referred in
http://www.keralataxes.gov.in/vatact/KVAT_ACT_2014.pdf
http://www.keralataxes.gov.in/vatact/KVAT_ACT_2014.pdf
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