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Vat audti

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2012 Dear Sir/Madam

What is VAT Audit? Is this mandatory?
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 July 2012 For those registered dealers having turnover as contemplated in Income Tax..... VAT audit is compulsory.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2012 Thank You Sir,

That Means as per IT Act 44Ab applicable dealers only have to do the VAT Audit
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
29 July 2012 It depends upon your STate Act. There are certain states in which the turnover is fixed as 60 lacs for VAT audit and tax audit is different.

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