Turnover under companies act 2013

Hi Friends, I wanted to understand the meaning of the word turnover as per the Companies act 2013. If a pvt ltd company has a contract with its customer and receives a sum of 1000cr during the year for providing its services but further subcontracts the work and pays 995cr to the subcontractor, then what turnover would be considered for testing the applicability of various provisions of the Companies Act? Would it be the entire 1000cr or only the net 5cr (1000-995)? Also please provide reasoning for the same. Waiting for your replies.. Thanks in advance !!!
Replies (1)

As per  Sec.2(91) turnover will  include full amount of Rs.1000 cr.  Subcontracting charges will be debited to expenses in P&L statement. 

For the company to whom subcontract has been  given, the turnover will be Rs.995 cr.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details