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Turnover for vat audit in maharastra

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(Querist)
06 December 2013 REGARDING MVAT:
My Sales in FY 2012-13 = 58,01,900

And VAT on Sales = 2,90,123

i.e Sales inclusive of VAT = 60,92,023.

T/o of Sales as per B/sheet = 58,01,900.

Whether it is mandatory to conduct VAT audit.

Thanks in Advance.
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Manish Bhandari

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Manish Bhandari (Expert)
06 December 2013 Yes your turnover as per defination of vat is above 60 so audit is applicable.
Turnover includes VAt, Tax Free Sale, Net Sale, Goods Returns.

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