टर्नओवर टैक्स

मुक्त ज्ञानकोश विकिपीडिया से
यहाँ जाएँ: भ्रमण, खोज

A Turnover tax is similar to VAT , that deffrence that it taxes intermediate & possibly capital goods. It is an indirrect Tax , typicaly on an valorem basis applicable to a production process , For Eg- When manufacturing process is completed, a tax may be charges on some company.