In Gujarat, this time VAT Audit is required for those whose turnover exceeds Rs.1 crore, in that situation, we came to know that when one concern passes thru two audit under a year then it requires 3CA reports instead of 3CB under Tax Audit. Is it right ? If not , then when and where 3CA is applicable ?
3 Replies
CA.Saibaburao Nanduri
(Chartered Accountant)
(3847 Points)
Replied 23 October 2007
In Andhra Pradesh, there is no VAT audit as on to-day !
Ramkrishna Mokashi
(Chartered Accountant)
(734 Points)
Replied 26 October 2007
Dear Dhaval,
Please note that only when the auditor under other act is certifying for the purposes of the Income Tax Act, only then he has to give 3CA, in all other cases, 3CB is to be given. Essential is whether the same auditor is signing the Tax audit report or not.
If An auditor appointed under provisions of Companies Act, is not signing the Tax Audit Report, the Company will get Tax Audit Report from some other CA. The Other CA will sign 3CB instead of 3CA. Same logic is applicable in VAT Audit. Please note that VAT Audit Can be conducted by Tax Practitioner also..
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