Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the difference between "gross receipts" and "taxable sales" on my sales tax return?

user-image
Question added by Tamara Ali , Sales Manager , Al Noor Systems for IT Solutions
Date Posted: 2019/01/20
Asheeb Basheer
by Asheeb Basheer , Accountant , Almond Interior Decoration l.l.C

The gross receipt means the total turnover of a company in a particular month or year it will includes (Exempted sales, Nil rated sales, Zero percentage sales and Tax rated sales) The taxable sales means the tax that assesse collected from their client and responsible to pay government by filing VAT return

More Questions Like This