Total Turnover - Definition - Law Dictionary Home Dictionary Definition total-turnover

Definition :

Total turnover, means aggregate of the following transactions effected by a dealer-

(a) turnover of sales or purchases of goods within the State whether such sales or purchases of goods are taxable or exempt under this Act,

(b) turnover of sales of goods in the course of inter-State trade or commerce;

(c) turnover of sales of goods in the course of export of goods out of the territory of India;

(d) turnover of sales by a dealer on his own account and also on behalf of his principal. [Gujarat Value Added Tax Act, 2005, s. 2(34)