LAXMIKANT JAIPURKAR (Practicing Company Secretary/Tax Consultant) (403 Points)
19 February 2009In Maharashtra, If a dealer is having the turnover of sales or purchases of Rs. 35 lakhs and the services like maintenance of the equipments (on which service tax is chargeable) is Rs. 10 lakhs. Can it will be treated that the turnover required for VAT Audit i.e. 40 lakhs.
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 19 February 2009
No.
He is not liable for VAT Audit.
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 19 February 2009
No he is not liable to VAT Audit
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