Easy Office
LCI Learning

VAT Audit applicability : Turnover incl Labour chgs earned?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 January 2009 MVAT Audit is mandatory if T.O of sales or purchases exceeds Rs. 40 lacs.

While calculating T.O. Sales, whether Labour charges earned would form part of T.O. of Sales for determining audit applicability?

Sale of goods Rs. 30 lacs
Labour charges earned Rs. 15 lacs

purchases of goods Rs. 20 lacs

Whether MVAT Audit applicable?
Profile Image

C A GROUP COACHING

Profile Image

C A GROUP COACHING (Expert)
29 January 2009 have you charged vat on labour & have you shown labour chgs in your vat return ? yes
Profile Image

N.J.R

Profile Image

N.J.R (Querist)
30 January 2009 Mr. Ambani Thanks for ur reply.

Still i m confused. Pls elaborate.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
26 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links