Determination of turnover

[Basavaraj S]

How to determine turnover in case of an advertising agency? The question is whther it is gross amount received or only the commission portion for the purpose of determining turnover?

AI Summary

Turnover for Ad Agencies: Calculate Based on Taxed Value, Use Commission if Taxed Solely on It. A query was raised about determining turnover for an advertising agency, specifically whether it should be based on the gross amount received or just the commission portion. A response clarified that the turnover should be calculated based on the value on which tax is assessed. If tax is charged solely on the commission, then the gross value of the commission should be considered for determining turnover for Service Tax purposes.