Audit criteria

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Khush (Querist)
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01 October 2012 What is the criteria of Vat Audit , Tax Audit and Simple Audit. means when these audits apply in a firm or a company.

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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01 October 2012 VAT Audit - When Sale Turnover Cross 1 Crore, (vary as Per State by State)

Tax Audit - If in F.y. 2012-13 Turnover Exceed 1 Crore. (Along With Raed With 44AD/AE)

Simple Audit (Stat Audit ) - Applies in Case of Companies/LLP Only. by Virtue of Companies Act 1956. Compulsory, No Criteria.

Khush

Khush (Querist)
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01 October 2012 then what is the difference between Vat Audit and Tax audit

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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01 October 2012 VAT Audit Vary State by State.
Its for sales Tax Department.
Its Rules are Changed in Every State.

Tax Audit is For Central Govt Income Tax.
Its Rule are One & Same in All India.
Its For income tax.