Receipts forming/not forming part of total turnover for Presumptive Taxation

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Receipts forming part of Turnover	Receipts not forming part of Turnover
1. Sales tax or any other levy	1. Advances or deposits received.
2. Sale of unusables, empties and packages	2. Consideration received on sale of fixed assets employed in the business.
3. Service charges charged for delivery may form part of turnover, having regard to terms of contract.	3. Any security or other deposit obtained from employees.
	4. Interest and any other receipts of similar nature.
	5. Incentive received from the suppliers, cash or other discount received on purchase should not form part of turnover.
	6. Value of stock in trade.