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What happens if dealers Turnover exceeds Rs. 20 lacs ?

April 26, 2017Dealers exceeds happens lacs Rs turnover

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What happens if dealers Turnover exceeds Rs. 20 lacs ?

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The retail sale dealer whose aggregate value of taxable goods purchased in a year exceeds Rs 20 lacs by a margin of up to 10 % shall continue to pay the lumpsum during that year and the facility to pay lumpsum shall cease to have effect only from next 1st April. However such dealer shall pay lumpsum on the excess ten percent over 20 Lacs.