Reversal of itc on stock transfer - tnvat

Dear All,

Kindly clarify the term turnover for the purpose of ITC reversal on Stock transfer made. On stock transfer made with the issue of Form F, we should reverse ITC to the extent of 3% (5% with effect from Nov'13) For this purpose, the ITC to be reversed in calculated using this formula: 

ITC for the month/Total Turnover(including Stock transfer)    * Value of Stock Transfer. 

Here what constitues the total turnover?? Does it also include CST dales?? Kindly respond. Thanks in Advance