What's the benefit to client done vat audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
with reference to the captioned subject please guide....
04 April 2012
BY VAT Audit , he will not be liable for Penalty for not doing VAT Audit, his books will b proper.
04 April 2012
Because of audit, the books of accounts will be in proper form and acceptable to dept.
If everything goes good in audit, the dept also will have a +ve view on the auditee about maintenance of records and furnishing of information thereby relationship can be established.
If everything goes good in audit, the dept also will have a +ve view on the auditee about maintenance of records and furnishing of information thereby relationship can be established.
04 April 2012
The Sales Tax Department shares the responsibility of understatement and tax evasion with the C.A. by getting the audit done through C.A and accepts the figures as certified by him so that the State Government does not loose the due taxes and on collection of taxes the respective State can invest or use the money for the development of the State and it's needs
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
Thanks for all those replying
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