Concept of undervalue bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 July 2013
Hello,
Can any one explain me what is the concept of Under value bill ? Tommorow,I have to vouch purchases in audit. I do not have knowledge of VAT.
Please help me as soon as possible.
Can any one explain me what is the concept of Under value bill ? Tommorow,I have to vouch purchases in audit. I do not have knowledge of VAT.
Please help me as soon as possible.
CMA Ramesh Krishnan
(Expert)
04 July 2013
Under value bill means the billed the materials less then the normal price, which is not an arms length price
price is less then the market price
price is less then the market price
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