Defination of total turnover for calculation of ITC rversal under TNVAT
Dose total turn over includes exempted sales like branch transfer and export sales .
For which of below ITC reversal is applicable ?
a) CST Sales @ 2% C form received
b) CST Sales @ 2% C form NOT received
c) Branch Transfer form F received
d) Branch Transfer form F NOT received
e) Export sales .