Mvat audit limits.

This query is : Resolved 

30 December 2014 Respected experts, I m confused. I do accounting of builders and developers. my query is my client's have made agreement after O.C and also booking was received after OC date. my fy 13-14 stock sold was 2cr plus. as booking and agreement done after OC so not eligible for VAT. bt Wat about VAT audit. limits is turnover 1cr. whether it's vatable trunover or just turnover. do I need to do VAT audit for my client.

31 December 2014 Turnover would be the total turnover, exempt or taxable or both.



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