how to do vat audit

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Cash withdrawal limit from ATM increased to Rs 4500 daily


RBI 2016 17 204 DCM Plg No 2142 10 27 00 2016 17 The Chairman Managing Director Chief Executive Officer Public Sector Banks Private Sector Banks Foreign Banks Regional Rural Banks Urban Cooperative Banks State Cooperative Banks District central Cooperative Banks Dear Sir Cash withdrawal from ATMs En

Draft Bank Branch Auditors Panel for the year 2016-17


Please find placed below Draft Bank Branch Auditors Panel of Chartered Accountants firms for the year 2016 17 To view your category and remarks thereof if any please click on the relevant interval MEF00001 05000 MEF05001 10000 MEF10001 15000 MEF15001 20000 MEF20001 25000 MEF25001 30000 MEF30001 3500

Reporting Cash Transactions under Rule 114E of IT Rules, 1962


Rule 114E of Income Tax Rules 1962 for furnishing Statement of Financial Transactions SFT came into force with effect from 1st April 2016 Any person who is liable for audit under section 44AB of the Income Tax Act 1961 is required to furnish a statement in respect of transaction at serial no 11 of R

RBI withdraws Rs 5000 circular


RBI 2016 17 189 DCM Plg No 1859 10 27 00 2016 17 December 19 2016 The Chairman Managing Director Chief Executive Officer Public Sector Banks Private Sector Banks Foreign Banks Regional Rural Banks Urban Cooperative Banks State Cooperative Banks Dear Sir Withdrawal of Legal Tender Character of existi

RBI directs banks to maintain CCTV recordings of operations at bank branches


RBI 2016 17 181 DCM Plg No 1712 10 27 00 2016 17 December 13 2016 The Chairman Managing Director Chief Executive Officers All Banks Dear Sir Preservation of CCTV recordings Please refer to paragraph 5 of ourcircular DCM FNVD No 1134 16 01 05 2016 17 dated October 27 2016wherein it was stated that in

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Experts Opinions

clarification regarding vat chargebility


If in a packet of product it is written that inclusive of all taxes then whether im liable to charge vat when i m selling that product And what does all taxes here mean The case belongs to pharmaceutical stores Please guide me

Vat


There are 3 parties involved A sells to B with Vat who is an unregistered vendor B in turn sells those items to its client Now tell me does B has to charge VAT again to its client since B is an unregistered vendor

Return filing for private limited company


Dear Sir You are requested to kindly let me know in ITR 6 when we prepare return for companies In schedule Balance sheet should I put Cost Figure of asset and Cumulative Figer of Depreciation in Fixed Asset section or should I put the written down value of asset and present year s depreciation in th

Vat and service tax


Hello Sir We are an advertising agency We do designing and printing work For designing and printing we charge service tax 15 For this designing we use material For the material we use we charge VAt 6 Combining both the taxes it comes to 21 In construction co there is a provision in which taxes is ch

Annexures in up vat


What detail i have to fill in the annexures given in the excel file of offline tools of UP VAT please help

Discussion

Bank Audit

CA FINAL AUDITStrategic Debt Restructuring SDR introduced in year 2015 is it applicable for CA FINAL may 2017 exams or not

Vat on dam project aided by world bank

DEAR SIR WE ARE A CIVIL CONTRACTOR FIRM WE HAVE BEEN AWARDED A PROJECT FOR REHABILITATION AND IMPROVEMENT WORK OF A DAM IN JHARKAHND THIS PROJECT IS FUNDED AND AIDED BY WORLD BANK WE WANT TO KNOW WHETHER VAT WILL BE LEVY ON THE CONTRACT OR IT WILL BE A EXEMPTED SERVICE

What is the tax rate of gym supporter in dvat

What is the tax rate of Gym Supporter in Dvat Cotton Gym Athletic Supporter

Disallowance of expenses in audit report due to non deduction of tds

Assessee liable under compulsory audit u s 44AB has paid job work expenses to one company But the TDS was not deducted Hence expense u s 40A will be disallowed My question is In which point disallowance should be made In Point 21 b ii or point 34 a or both in form 3cd

Vat billing of edible oil pondicherry

I am from pondicherry We buy edible oil from maharashtra and sell in pondicherry what is the vat on edible oil in pondicherry how much vat we shoud charge to the customer

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Articles

Ease given to filing old Mvat returns


Arjuna Fictional Character Krishna the festival of Makar Sankranti has arrived Small children are in rush and excited to fly kites Even government is trying to fly the kite of GST But before that the Maharashtra Sales tax department has brought circular for flying kite of old not submitted VAT retur


Public-Private Arrangements or Service Concession Arrangements - IND AS/IFRS


Public related many activities services around the world are being given to private entities to build and operate and after certain point of time depending upon the contractual arrangements between the parties it is being handed over back to the entity generally known as Grantor who initially reques


Admissibility of Cenvat credit without Registration


When there is lack of clarity in any subject matter there is bound to be confusion This statement is more so applicable when one is dealing with a Tax Statute Across the time each law matures and litigation reduces However the litigation regarding availment of Cenvat credit of tax paid before regist


Odisha VAT Provisions - A study for construction and real estate sector


Introduction The issue of taxability of works contracts under VAT and Service Tax is something which has confronted assessee leading to frequent referrals to Courts over the years While the issue of taxability under Sales Tax has led to referrals over the last 50 years or so the issue with regard to


How to Migrate from Delhi VAT to GST Number online


Finally the time came we all are waiting for Yes GST registration migration portal is open from 16 Dec 2016 As we observed that the process is a bit complicated and lengthy if compared with local Sales Tax or VAT registration Dont worry we are here to make it simple for you This blog is sufficient t


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Updated on : 1/14/2017 12:11:10 AM


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