Vat audit report
This query is : Open
29 March 2014
whether or not submitted the vat audit report for exempted goods(salt) in respect of following case?
the partnership firm runs salt manufacturing business and sales to industrial company for the period of 2012 - 2013,which is turnover 2,50,00,000
the partnership firm runs salt manufacturing business and sales to industrial company for the period of 2012 - 2013,which is turnover 2,50,00,000
29 March 2014
Yes vat audit is applicable irrespective of whether the goods are exempt or not. since the turnover is exceeding the limit, vat audit is applicable.
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