Vat audit checklist
This query is : Resolved
02 April 2013
Dear all
Please provide me a checklist for audit under
Please provide me a checklist for audit under
03 April 2013
Mr Vikas,
The VAT audit is generally done to the point of drawing a Trading and Manufacturing a/c.Sales bills,sales register,sales ledger,returns and sales a/c on one part and Purchase bills,register,returns, ledger,and a/c on another part.Stock and work-in-progress evaluation using a standard procedure is to be followed. In an industry manufacturing expenses,labour and overhead and in the case of a works contract site expenses,labour and overhead are to be included in the Trading a/c.Additional items such as,sale of movable and intangile assets,scrap,are to be considered.Filing of returns,calculation of taxable turnover,tax rates applied and the payments made to the govt are to be verified as per rules.....mjk
The VAT audit is generally done to the point of drawing a Trading and Manufacturing a/c.Sales bills,sales register,sales ledger,returns and sales a/c on one part and Purchase bills,register,returns, ledger,and a/c on another part.Stock and work-in-progress evaluation using a standard procedure is to be followed. In an industry manufacturing expenses,labour and overhead and in the case of a works contract site expenses,labour and overhead are to be included in the Trading a/c.Additional items such as,sale of movable and intangile assets,scrap,are to be considered.Filing of returns,calculation of taxable turnover,tax rates applied and the payments made to the govt are to be verified as per rules.....mjk
Message likes :
3 times
20 May 2013
Yes I agree with the expert MJK
Message likes :
1 times
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
