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Turnover limit

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(Querist)
27 May 2013 what is turnover in VAT.Whether it includes Tax or Not?
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CA Kapil Verma

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CA Kapil Verma (Expert)
27 May 2013 Please mention the specific vat act or state for which you raised the question?

turnover doesn't includes the tax amount.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
28 May 2013 Turnover is generally defined to include tax collected. However you are advised to verify the definition of turnover as per the local vat act




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