Hi Friends,
Is a dealer registered under MVAT Act whose turnover of sales or purchase does not exceed Rs.40 lakhs is liable to vat audit.
Vat Audit Applicability
Ajit P.Devadiga (student) (51 Points)
26 February 2010Ajit P.Devadiga (student) (51 Points)
26 February 2010
Hi Friends,
Is a dealer registered under MVAT Act whose turnover of sales or purchase does not exceed Rs.40 lakhs is liable to vat audit.
PRATIK P MEHTA
(Final Student,articles)
(125 Points)
Replied 26 February 2010
no he's not liable to vat audit till he's turnover exceeds 40lakhs