Gross amount received on sale of cinema tickets including entertainment tax ‑ Whether would come within the purview of definition of “turnover” given in Explanation (b) - Companies Law - Circular : No. 4/80

Circular : No. 4/80 [No. 8/23(43)/ 80 ‑ CL ‑ V], dated 2 ‑ 9 ‑ 1980. Subject:- Gross amount received on sale of cinema tickets including entertainment tax ‑ Whether would come within the purview of definition of turnover given in Explanation (b) A question has been raised as to whether the entertainment tax in respect of sale of film exhibition tickets would come within the purview of aggregate turnover as defined under section 43A. The matter has been examined by the Department. The Department is of the view that the term turnover has been defined in section 43A as aggregate value of realisation made from the sale, supply or distribution of goods or on account of services rendered. In view of this definition, gross amount received on sale of tickets including entertainment tax would come within the purview of aggregate turnover.