VAT Audit Maharashtra

This query is : Resolved

Sudheer J. Sarvate (Querist)
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13 December 2008 Sir,

I have following doubts, please guide me

1.) What is the last date of filing MVAT audit report for the F.Y. 07-08.

2.) Whether we have to give only list of pending forms C,H, I etc. or we have to pay liability of tax for non receipts of above forms

3.) We are accounting our sales transaction in tally as under

Basic Sale ( Under sales group in tally)

Output Vat ( under duties & taxes in tally)

So in one of our company in profit & loss account the sale is showing Rs. 38lakhs & if we add vat then it comes Rs. 41 lakhs.

Then in such case whether it is mandatory to do the VAT audit.

Sudheer

C A GROUP COACHING

C A GROUP COACHING (Expert)
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28 December 2008 LAST DATE IS 31ST JANUARY 2009
VAT AUDIT IS TO BE DONE BY A CA WHO WILL ATTACH THE LIST OF PENDING FORMS & MENTION THE SAME IN HIS REPORT & ADVISE THE CLIENT TO PAY THE DIFFERENTIAL DUES WITTH INTEREST.
YOU SHOULD NOT PAY IT IMMEDIATELY BUT WAIT TILL NOTICE RECD FROM VAT DEPT OR TILL THE BUSINESS AUDIT PEOPLE WILL COME TO YOU. IF TILL THAT TIME YOU CAN GET ALL FORMS THAN YOU ARE SAVED FROM PAYING THE DIFFERENCE TAX AMT LSE YOU WILL HAVE TO PAY IT
YOUR T/O IS LESS THAN 40 LKHS YOU NEED NOT GO FOR VAT AUDIT.

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