audit of VAT
This query is : Resolved
CA Anuradha
(Querist)
17 October 2009
give tips about audit of VAT.
CA. B.SRINIVASULU
(Expert)
18 October 2009
In Vat audit you have to check the following:
(1) Whether rate of tax charged on sales is correct.
(2) Whether the vat paid on purchases is allowable as input vat.
(3) Whether input vat claimed for capital assets is as per capital assets scheme of that state.
(4) Usage of forms like c form etc.,
(5) Whether forms has been collected on sales against c forms and duly submitted to authroitieis.
The above are the major heads.
(1) Whether rate of tax charged on sales is correct.
(2) Whether the vat paid on purchases is allowable as input vat.
(3) Whether input vat claimed for capital assets is as per capital assets scheme of that state.
(4) Usage of forms like c form etc.,
(5) Whether forms has been collected on sales against c forms and duly submitted to authroitieis.
The above are the major heads.
CA Anuradha
(Querist)
18 October 2009
thank you, sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
