Anybody, please sent me the Audit check list of Automobile Dealer
3 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 24 July 2018
Purchase, sales, expenses, TDS, GST, Stock, Drs, Crs and bank balance balance confirmation.
Check opening balance first.
All transactions shalll be related to business.
Check compliances under all other Acts.
NANDINI RAJAWAT
(18 Points)
Replied 26 July 2018
there are various schemes which are available to these dealers such as exchange claim ... inurance claim ..see whether these are accurately accounted in the accounts of the dealers ...whether documents are proper ... cars should be sold only after receiving all necessary documents such as pan card ..aadhar card. ..cash payments should be in limit in accordance with income tax
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