Goss Turnover for MVAT Audit
This query is : Resolved
21 January 2011
A dealer has turnover of 8 crores in MP. In Maharashtra turnover is zero. He is registered in both the states. What will be the gross turnover for the purpose of MVAT Audit & Will he be liable for Audit under MVAT Act in Maharashtra.
21 January 2011
for the purpose of MVAT Audit in Maharashtra, the turnover within the state of Maharashtra is considered. However since the dealer is registered in Maharashtra also, it is better that he undergoes the MVAT Audit. However in my opinion, since there is no turnover within Maharashtra, no liability will accrue as trial balance of activities within Maharashtra State is considered for the purpose of MVAT Audit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
