Vat audti
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2012
Dear Sir/Madam
What is VAT Audit? Is this mandatory?
What is VAT Audit? Is this mandatory?
28 July 2012
For those registered dealers having turnover as contemplated in Income Tax..... VAT audit is compulsory.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2012
Thank You Sir,
That Means as per IT Act 44Ab applicable dealers only have to do the VAT Audit
That Means as per IT Act 44Ab applicable dealers only have to do the VAT Audit
29 July 2012
It depends upon your STate Act. There are certain states in which the turnover is fixed as 60 lacs for VAT audit and tax audit is different.
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