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vat audit

CA. Sameer Kashikar (Chartered Accountant) (241 Points)

27 September 2007

what to report when a client do not keep record of urd purchases?

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3 Replies

Ravikumar.G (Consultant) (18525 Points)
Replied 27 September 2007

I could not understand your question.

CMA Gul S (Program Manager) (5910 Points)
Replied 28 September 2007

Hi Sameer, Total Purchase - RD Purchase would be taken as URD Purchase. Its better to maintain the bifurcation for you purchases. You get deduction for maintainence and repairs and so on......

(Guest)

if a client does not keep urd details and all expenses in p/l A/c are gross i.e. net+vat. and at the end of the year it is not possible to bifurcate vat in indirect expenses due to voluminious data or lack of time by the client then in that case how to report in vat audit report?