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TNVAT AUDIT (VAT)

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This query is : Resolved


( Author )
06 September 2010

DEAR ALL,

I WANT TO KNOW ABOUT TNVAT AUDIT PROCEDURE AND CHECK LIST ALSO. PLEASE HELP ME.

WITH THANKS
K A K


CMA Ramesh Krishnan

( Expert )
08 September 2010

VAT Audit procedure more or less same for all the state it should confirm the following

1. Sales value calculated correct
2. Output vat calculated correct
3. Purchase value calculated correct
4. Claimed input value correct
5. Any exemption taken is in th applicable norm
6. tax paid correct
7. Sales and purchase matching with Return filed with department



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