TURNOVER

[abhishreshthaa]

TURNOVER

WHAT DOES THE TERM TURNOVER INCLUDE?


Turnover means the aggregate amount of purchase or sales.


WHAT IS TAXABLE TURNOVER AND HOW IS IT COMPUTED?

The turnover liable to tax, i.e. total turnover as reduced by the following:


• Specified adjustments, like


• Goods returned


• Discounts exempt items inter-state sales


• Imports and exports

• Others (permissible adjustments).

 

[jitendra05]

TURNOVER

WHAT DOES THE TERM TURNOVER INCLUDE?


Turnover means the aggregate amount of purchase or sales.


WHAT IS TAXABLE TURNOVER AND HOW IS IT COMPUTED?

The turnover liable to tax, i.e. total turnover as reduced by the following:


• Specified adjustments, like


• Goods returned


• Discounts exempt items inter-state sales


• Imports and exports

• Others (permissible adjustments).

Hey abhi, thanks for the information on turnover and explaining about its concept. Well, as we know that turnover means the total amount of fund taken by a business in a particular time period. For more detailed information, you should download my presentation.