VAT & SD Act 2012
Section 2 Clause 42 - Turnover
(as updated till Finance Ordinance 2025)
“turnover” means, total amount of money received or receivable by any person within a prescribed time or tax period against supply of taxable goods or provision of taxable services manufactured, imported or purchased with his economic activities;
Disclaimer: This is the authentic English text of The Value Added Tax and Supplementary Duty Act 2012, as published under SRO No. 440-Law/2025/326-Mushak dated 05 November 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.