Assessment
This query is : Resolved
RENGARAJ R.K
(Expert)
12 July 2013
The querist has not indicated the state to which the query relates to: However, the following is the general procedure of assessment:
1) verification of books of accounts which should show the correctness about
a) Taxable turnover % wise
b) Exempted turnover
c) Interstate sales
d) Interstate transfer
e) Export sales if any
f) other miscellaneous income
g) sales of fixed assets/vehicles etc...
2) Input tax credit verification
a) Local purchase % wise
b) capital goods
3) Interstate purchase and c forms
4) Sales return/purchase return verification
5) correctness of documents with reference to rate of tax, discount allowed etc.,
6) valuation of closing stock
1) verification of books of accounts which should show the correctness about
a) Taxable turnover % wise
b) Exempted turnover
c) Interstate sales
d) Interstate transfer
e) Export sales if any
f) other miscellaneous income
g) sales of fixed assets/vehicles etc...
2) Input tax credit verification
a) Local purchase % wise
b) capital goods
3) Interstate purchase and c forms
4) Sales return/purchase return verification
5) correctness of documents with reference to rate of tax, discount allowed etc.,
6) valuation of closing stock
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