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TAX AUDIt u/s 44AB

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2010 Is the output vat received on sale by the trader shall be considered as Receipt of such trader and Limit of 40lacs for the purpose of same section shall be considered inclusive of Output VAT.
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CA Navin Jain

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CA Navin Jain (Expert)
28 September 2010 if trader has taken cenvat credit then not included.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
28 September 2010 turnover taken net of cenvat credit.
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