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Applicability of vat audit


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2014 Mvat Dealer who get registration wef 01.01.2014 Voluntary. Up to March 14 no input vat claimed or no vat payable only service sales. Mvat audit is needed or not.
If needes how can dealer file return before 01.01.14. How file revised return.plz guide.

26 December 2014 You need to file return from the date of registration to 31st March. If the turnover has exceeded limits then audit is applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2014 As per 704 dealer have to show turnover as per return & turnover as per audit. Which period turnover figure put in 704 as per audit. Whole year or from the date of registration. As per return we can show only 3 months turnover. If whole year turnover put in as per audit then what about difference between audit & return.


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