Turnover - composite scheme

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..... Turnover - composite scheme
Query (Issue) Started By: - D.V.GUPTA Dated:- 30-4-2009 Last Reply Date:- 1-5-2009 VAT + CST
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VAT / Sales Tax
we are dealing in taxable as well as .....

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..... in tax free goods. we want to adopt composition scheme under delhi vat. whether we have to pay 1% tax on turnover of taxable goods or turnover including tax free goods. Reply By Ravi Chopra: The Repl .....

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..... y: You need to pay composite tax on total turnover. There is no scope of deduction of tax free turnvover from the total turnvoer. The meaning of total turnover is as follows: "(zm)"turnover" means the .....

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..... aggregate of the amounts of sale price received or receivable by the person in any tax period, reduced by any tax for which the person is liable under section 3 of this Act;"
Discussion Forum - K .....

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..... nowledge Sharing .....

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