Which amount of sales is to be considered as turnover
This query is : Resolved
29 June 2018
I have a query is that which amount of sales is to be considered as turnover mean that taxable value or invoice value.
I am confused because there comes only taxable value of sales invoices in P & L Account as Sales.
So please give best advice about the same.
I am confused because there comes only taxable value of sales invoices in P & L Account as Sales.
So please give best advice about the same.
29 June 2018
Yes...
The turn Over is Calculated Basic Values, Not including Tax Values like VAT & GST..
It's duties & Taxes...
The turn Over is Calculated Basic Values, Not including Tax Values like VAT & GST..
It's duties & Taxes...
30 June 2018
Turnover is Taxable value, Before tax Value.
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