Vat audit limit for f.y. 12-13

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Pritesh Vithlani (Querist)
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10 January 2013 Is any circular/notification has been issued by Dept of Sales Tax for increase in vat audit limits from Rs 60 lakhs to Rs 1 Crores as done in IT Audit?

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Guest (Expert)

10 January 2013 For which state?

Pritesh Vithlani

Pritesh Vithlani (Querist)
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16 January 2013 State of Maharashtra

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Guest (Expert)

16 January 2013 For Maharashtra the limit is same as the limit for tax audit. i.e. if a concern is liable for tax audit then it is liable for vat audit.

Pritesh Vithlani

Pritesh Vithlani (Querist)
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18 January 2013 Any circular/notification/clarification has been issued? If yes, provide the same? I am under the impression that VAT Audit limit u/s 61 is still Rs 60 lacs.