turnover tax

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Is turnover tax an indirect tax? And it has been abolished on introduction of VAT?

This sudden doubt due to the reason that I have seen one of my clients' client charging TOT in the bill for material supplied to my client.

How is this possible?

Replies (2)
Originally posted by :CA Shilpi Jain
" Is turnover tax an indirect tax? And it has been abolished on introduction of VAT?
This sudden doubt due to the reason that I have seen one of my clients' client charging TOT in the bill for material supplied to my client.
How is this possible?
"


 

Originally posted by :CA Shilpi Jain
" Is turnover tax an indirect tax? And it has been abolished on introduction of VAT?
This sudden doubt due to the reason that I have seen one of my clients' client charging TOT in the bill for material supplied to my client.
How is this possible?
"


 


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