Maharashtra vat audit limit

yashsr (CA) (2285 Points)

05 July 2012  

Hello,

For Financial Year 2011-12, limit of Turnover for both VAT Audit & Tax Audit was 60 lacs. In the recent budget, the limit for Tax Audit was increased to 1 crore. But what about Maharaashtra VAT Audit limit? Is it still 60 lacs or has it been increased to 1 crore?