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VAT AUDIT

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(Querist)
28 November 2010 vat audit is applicable if turnover exceed or exceeds 40 lakhs.

now what is the meaning of exceed and exceeds? are they same or different?
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Amit Bajaj

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Amit Bajaj (Expert)
29 November 2010 where this has been mentioned? plz post the exact wording of the relevant section, want to see it

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