MVAT Audit

This query is : Resolved

vijay (Querist)
Follow

26 December 2008 I AM RUNNING A COUNTRY LIQUOR SHOP SINCE DEC 2007.

IN CURRENT FINANCIAL YEAR I CROSSED RS. 500000 LIMIT SO I TAKE REGISTRATION IN CURRENT YEAR.

BUT IN LAST YEAR I DID NOT TAKE REG. AS I AM BELOW LIMIT.

SO NOW QUESTION IS WHETHER I HAVE TO AUDIT UNDER MVAT FOR THE LAST YEAR ALSO EVEN THOUGH I AM NOT DEALER.

C A GROUP COACHING

C A GROUP COACHING (Expert)
Follow

26 December 2008 DEFINATION OF DEALER MEANS A PERSON IN BUSINESS OF SALES & PURCHASE.
YOU HAVE TO GET YOUR ACCOUNTS AUDITED EVEN UNDER IT ACT & VAT AUDIT REPORT ALSO TO BE SUBMITTED BY YOU

CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674