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Gujarat vat audit

Mo.Asif (Prop) (139 Points)

21 March 2019

My total turnover 2701094 tax free 2690112 taxable 10982 can I vat Audit for Gujarat vat limit 2500000 1.4.17 to 30.6.17

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CA CS Chirag (Practicing CA) (834 Points)
Replied 22 March 2019

Every registered dealer in whose case taxable turnover exceeds rupees 25 Lacs in aggregate during the period April 2017 to June 2017 required to file Final Return (for VAT only) by uploading ONLINE within 7 Months from 1^stJuly, 2017 (i.e. within 31^st January, 2018) [However this date has been extended by 30 days vide Circular No. gujka/ve3-5/17-18/203/177 Dated 29^th January, 2018, hence revised due date is 28^th February, 2018].

VAT Audit

Every registered dealer in whose case amount of tax credit CARRIED FORWARD in excess of rupees 5 Lacs ON 30^th June, 2017, has been required to carry out Audit by CHARTERED ACCOUNTANT OR COST ACCOUNTANT by filing certificate in Form 217A within 7 months from 1^st July, 2017 (i.e. obtaining & uploading of report within 31^stJanuary, 2018) [However this date has been extended by 30 days vide Circular No. gujka/ve3-5/17-18/203/177 Dated 29^th January, 2018, hence revised due date is 28^th February, 2018].