12 July 2013
The querist has not indicated the state to which the query relates to: However, the following is the general procedure of assessment: 1) verification of books of accounts which should show the correctness about a) Taxable turnover % wise b) Exempted turnover c) Interstate sales d) Interstate transfer e) Export sales if any f) other miscellaneous income g) sales of fixed assets/vehicles etc...
2) Input tax credit verification a) Local purchase % wise b) capital goods
3) Interstate purchase and c forms
4) Sales return/purchase return verification
5) correctness of documents with reference to rate of tax, discount allowed etc.,
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