KARNATAKA VALUE ADDED TAX.
The toal sales during the year 10-11 is nil, since the company is under construction. The toal interstate purchase and with in state purchase is around 10 crores. Whether filing of VAT audit report Form 240 is required.
3 Replies
Shankar Reddy.V
(Tax consultant)
(81 Points)
Replied 21 November 2011
Yes, you need to file VAT 240 since your "total turnover"(refer definition of total turnover) exceeds one crore that includes purchases.
biswajitchandra
(accountant)
(69 Points)
Replied 21 November 2011
yes, VAT audit report Form 240 is required.
Harshad
(Officer)
(21 Points)
Replied 25 November 2011
If You have Excal Fromat Karbnataka VAT 240 From
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