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mvat audit

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15 April 2011 if total turnover exceeded rs.40 lacs. but out of which sale were only rs. 14 lacs & rest was pure labour. is this case liable for vat audit for f.y.08-09. rest can business audit notice be issued in this case?
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prasad

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prasad (Expert)
15 April 2011 Yes. the department very well can issue notice for Business Audit.

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