Turnover - composite scheme

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..... we are dealing in taxable as well as 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 g .....

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..... oods. - Reply By Ravi Chopra - The Reply = 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 .....

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..... is as follows: "(zm)"turnover" means the 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 .....

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..... 3 of this Act;" - Turnover - composite scheme - Query Started By: - D.V.GUPTA Dated:- 30-4-2009 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, .....

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..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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