MVAT under composition for Restaurants
This query is : Resolved
Ankit T Maru
(Querist)
27 October 2009
My Query goes like this:
I m doin VAT Audit of a renowned Restaurant which is under composition scheme for the year 2008-09.
while auditing i found a export bill to its outletwhich is in Dubai which is disclosed in the accounts.
while filing monthly vat return under form 232 it has been considered as normal sales & charged vat 8%.Now how should i revise it?
I m doin VAT Audit of a renowned Restaurant which is under composition scheme for the year 2008-09.
while auditing i found a export bill to its outletwhich is in Dubai which is disclosed in the accounts.
while filing monthly vat return under form 232 it has been considered as normal sales & charged vat 8%.Now how should i revise it?
M Prabhakar Menon
(Expert)
27 October 2009
As an auditor u dont do any revising u only report it to your appointing authority u may advise on the rectification procedure
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