Turnover
This query is : Open
vinod kumar
(Querist)
01 October 2017
While filing itr of a tax audited individual turnover and purchase and stock figure shown in itr form should be inclusive of vat or without vat
If figure is without vat then what mean about tax ,duty ,cess paid already written in itr 3 form
And turnover in 3cd will be inclusive of vat or without vat
If figure is without vat then what mean about tax ,duty ,cess paid already written in itr 3 form
And turnover in 3cd will be inclusive of vat or without vat
CA Rashmi Gandhi
(Expert)
01 October 2017
Turnover will be exclusive of VAT.
However as per ICDS you have to add VAT in cost of stock
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