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What is Taxable Turnover?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Hi I am Rohith. I want to know, What is Taxable Turnover?

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6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

스포츠토토 토토사이트 안전놀이터 슬롯사이트 주소 토토 뱃사공 bebe40.com 스포츠중계 인터밀란 매각 모든배팅보증 케이팝 딥페이크 기안84 웹툰 로또 당첨 지역 안전놀이터 사이트 인터넷카지노사이트 슬롯 전용 사이트 스포츠토토추천 메이저사설토토

메이저급 사설 토토사이트 스포츠토토사이트 추천업체 도메인 메이저 토토사이트 토토사이트 주소 리스트 뱃사공의 안내서 촉나라 토토사이트 전문 브랜드 토토사이트 메이저 사설 토토사이트 오래된 토토사이트 추천목록 토토사이트 추천목록 참고사항 정리 안전한 안전공원 안전공원 스포츠분석 전문 먹튀없는 해외 토토사이트 해외 토토사이트 와 토토놀이터 스포츠전문가의 메이저 안전놀이터 메이저 안전놀이터 스포츠토토 추천 해외축구 스포츠 토토사이트 스포츠 토토사이트 뱃365 배당 스포츠토토 토토사이트 안전놀이터 슬롯사이트 주소 토토 뱃사공 bebe40.com 스포츠중계 인터밀란 매각 모든배팅보증 케이팝 딥페이크 기안84 웹툰 로또 당첨 지역 안전놀이터 사이트 인터넷카지노사이트 슬롯 전용 사이트 스포츠토토추천 메이저사설토토 좋은 안전 사설토토 안전 사설토토 하는 곳 좋은 사설 안전놀이터 사설 안전놀이터 도메인 믿을 수 있는 안전토토사이트 안전토토사이트 리스트 찐 토토사이트추천 토토사이트추천 홍보사이트 스포츠토토 최고의 안전메이저놀이터 안전메이저놀이터 리스트 추천 무제재 토토사이트 목록 토토사이트 목록 놀이터추천 사이트 무사고 안전공원 주소 안전공원 주소 스포츠 전문 토토 해외안전놀이터 해외안전놀이터 뱃사공리스트 사설 스포츠사이트 프로토승부식 프로토승부식 방법 토토업체 토토사이트 도메인 토토사이트 도메인 찾기 먹튀없는 탑급 메이저사이트 탑급 메이저사이트 언옵 야구배팅 토토사이트 홍보 토토사이트 홍보 정사이트 크로스 안전메이저놀이터 안전메이저놀이터 토토 라이브스포츠 사설토토 추천 사설토토 추천 업체 탑3 해외 안전놀이터 해외 안전놀이터 업체 리스트 추천하는 공식 토토사이트 주소 공식 토토사이트 주소 뜻 검증 완료된 해외의 토토사이트 해외의 토토사이트 주소 무료 스포츠중계 해외 축구 스포츠중계 사이트 안전 토토 토토사이트 추천 토토사이트 추천 코드 얻는 법 메이저사이트 업체 안전놀이터 안전놀이터 베팅사이트 가입 고화질중계 좋은 메이저놀이터 사이트 토토 메이저놀이터 추천 스포츠토토 무료 스포츠중계 고화질 무료 스포츠중계 고화질 사이트 메이저놀이터 안전 토토사이트 추천 리스트 안전 토토사이트 추천 목록 오래된 토토 메이저놀이터 좋은 토토 메이저놀이터 추천 먹튀검증 완벽한 토토 스포츠토토 블로그 토토 스포츠토토 전문 정보 유명한 토토 안전놀이터 모음 토토 안전놀이터 검증 목록 무사고 베팅 메이저 토토사이트 업체 스포츠토토 메이저놀이터 업체 추천 보증 코드 무료 스포츠중계TV 스포츠중계 무료 TV 사이트 추천하는 토토사이트 안전 가입코드 토토사이트 가입을 위한 코드 매우 안전하고 좋은 안전 사설토토 사이트 사설토토 배팅 사이트 추천 뱃사공 보증 스포츠토토 사이트 좋은 스포츠토토 놀이터 촉나라 추천 안전 바카라 사이트 바카라사이트 좋은 곳 전문가 뱃사공 온라인 카지노사이트 카지노사이트 추천 리스트 토토 미니게임 파워볼사이트 안전 파워볼 전용 사이트 추천 뱃사공의 검증시스템 먹튀검증 사이트 토토 먹튀검증 전문가 믿고 쓰는 토토 안전놀이터 토토 안전놀이터 추천 업체 온라인 전문 슬롯머신 사이트 슬롯머신 잭팟 놀이터추천 확실한 토토 전문가의 안전 토토 안전 토토 사설 사이트 유럽 남미 해외축구 해외축구 중계 정보 가장 인기있는 안전 메이저놀이터 좋은 안전 메이저놀이터 코드 배당 좋은 승무패 사이트 토토 승무패 사이트 추천 사설 안전한 안전 배팅사이트 확실한 안전 배팅사이트 추천

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

(a) the turnover of goods exempt from tax (b) the turnover of sale of goods sold in course of inter State trade and commerce, to outside the territory of India, sold to a unit under SEZ, STP, EHTP or to an EOU. (c) All amounts allowed as cash discount, or trade discount (d) Cost of outward freight by a dealer for transportation of goods for the purchases. (e) In case of works contract, the expenditure incurred towards labour and service

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

If a taxpayer receives or has the right to receive goods, work, or services in exchange for a taxable transaction, the value of the taxable transaction shall include the market value of these goods, work, or services (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. In the event that a taxpayer does not receive or does not have the right to receive any values in exchange for a taxable transaction, the value of the taxable transaction shall be equal to the market value of the goods delivered, the work performed, or services provided by the taxpayer in the process of said taxable transaction (including any duties, taxes, or other fees), but not including the VAT and retail sales tax.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

The value of a taxable transaction shall be determined on the basis of the amount (the value, including in kind) which the taxpayer receives or has the right to receive from a customer or any other person, including any duties, taxes, and/or other fees, but not including the VAT and retail sales tax. If a taxpayer receives or has the right to receive goods, work, or services in exchange for a taxable transaction, the value of the taxable transaction shall include the market value of these goods, work, or services (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. In the event that a taxpayer does not receive or does not have the right to receive any values in exchange for a taxable transaction, the value of the taxable transaction shall be equal to the market value of the goods delivered, the work performed, or services provided by the taxpayer in the process of said taxable transaction (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. In the case of the consumption or use of goods (work or services) for noncommercial purposes as set forth in item 3 of Article 206 of this Code, and also in the case of deliveries of goods (performance of work or provision of services) for one's own employees as set forth in item 4 of Article 206 of this Code, the amount of a taxable transaction shall be equal to the market price of these goods, work, or services (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. When goods are delivered under an arrangement calling for payment in installments, the value of the taxable transaction shall be determined in accordance with item 1 of this article, taking into account all of the payments to be made under the installment plan as specified by the terms of the agreement, including a financial leasing agreement, with the exception of interest payments. When property is (goods are) mortgaged, the value of this taxable transaction on the part of the mortgagor shall be determined on the basis of the amount of borrowed funds received against the security of the given property (goods), not including the value-added tax (that is, not including the value-added tax in the value of the mortgaged property (goods) or in the amount of borrowed funds).

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Open uri20170510 32134 1c996lj?1494421732 answered

Taxable turnover is the total value of taxable supplies made by a person in the course or furtherance of business, excluding VAT (VAT Act 1994, section 19). This includes: The value of all standard rated, reduced rate and zero rated supplies of goods and services. Article 208. Value of a Taxable Transaction 1. The value of a taxable transaction shall be determined on the basis of the amount (the value, including in kind) which the taxpayer receives or has the right to receive from a customer or any other person, including any duties, taxes, and/or other fees, but not including the VAT and retail sales tax. 2. If a taxpayer receives or has the right to receive goods, work, or services in exchange for a taxable transaction, the value of the taxable transaction shall include the market value of these goods, work, or services (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. 3. In the event that a taxpayer does not receive or does not have the right to receive any values in exchange for a taxable transaction, the value of the taxable transaction shall be equal to the market value of the goods delivered, the work performed, or services provided by the taxpayer in the process of said taxable transaction (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. 4. In the case of the consumption or use of goods (work or services) for noncommercial purposes as set forth in item 3 of Article 206 of this Code, and also in the case of deliveries of goods (performance of work or provision of services) for one's own employees as set forth in item 4 of Article 206 of this Code, the amount of a taxable transaction shall be equal to the market price of these goods, work, or services (including any duties, taxes, or other fees), but not including the VAT and retail sales tax. 5. When goods are delivered under an arrangement calling for payment in installments, the value of the taxable transaction shall be determined in accordance with item 1 of this article, taking into account all of the payments to be made under the installment plan as specified by the terms of the agreement, including a financial leasing agreement, with the exception of interest payments. 6. When property is (goods are) mortgaged, the value of this taxable transaction on the part of the mortgagor shall be determined on the basis of the amount of borrowed funds received against the security of the given property (goods), not including the value-added tax (that is, not including the value-added tax in the value of the mortgaged property (goods) or in the amount of borrowed funds). 7. When wholesale and retail trade enterprises and procurement enterprises that are taxpayers with respect to the VAT purchase goods from persons who are not payers of the VAT, and these taxpayers subsequently deliver the goods to another party, the value of the taxable transaction shall be considered to be equal to the positive difference between the value of the delivery of these goods, not including the VAT, and the value of their acquisition from the non-payer of the VAT. In the event of a negative difference, the value of the taxable transaction for purposes of calculating the VAT shall be assumed to be equal to zero.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear, your query is that What is Taxable Turnover? answer of your query is that Taxable turnover means the turnover on which the dealer is liable to pay tax. Taxable turnover is determined after making the following deductions from the Gross turnover: (a) the turnover of goods exempt from tax (b) the turnover of sale of goods sold in course of inter State trade and commerce, to outside the territory of India, sold to a unit under SEZ, STP, EHTP or to an EOU. (c) All amounts allowed as cash discount, or trade discount (d) Cost of outward freight by a dealer for transportation of goods for the purchases. (e) In case of works contract, the expenditure incurred towards labour and service Thanks & Regards,

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