while calculating refund for inverted duty Structure, In the Definition of Total Adjusted Turnover it mentions that we need to add
a) All turnover excluding turnover of services
b) turnover of zero rated and non zero rated turnover of services.
I need to know what do we mean by non zero rated turnover of services.
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non-zero rated supply of services
Replies (4)
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If on any amount supply of service is not completed and advance recieved on such service is non zero rated turnover of services
If on any amount supply of service is not completed and advance recieved on such service is non zero rated turnover of services
Read more at: https://www.caclubindia.com/forum/non-zero-rated-supply-of-services-503051.asp?offset=1#reply
Please confirm whether adjusted total turnover includes service turnover in inverted tax refund
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