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Tax audit u/s 44ab

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(Querist)
08 September 2011 Sir/Madam,
What does the mean of Total Sales, Turnover or Gross Receipt?

Is it includes VAT Output or CST?
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
08 September 2011 Mercantile system, accrual concept is applied for total sales, gross receipt is not applicable. Turnover does not include Tax recoverable part.

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