Annual Turnover - Definition - Law Dictionary Home Dictionary Definition annual-turnover

Definition :

Annual turnover, represents the value of goods or services sold or supplied during a period of one year. The amount of money turned over or drawn in a business during a period of one year is another shed of meaning, Secretary, Ministry of Chemicals and Fertilisers, Government of India v. Cipla Ltd., (2003) 7 SCC 1. [Drugs Policy 1994, s. 2]