Criteria for vat audit

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Querist : Anonymous

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22 April 2013 What is the main Criteria for an Entity to come under VAT Audit as per M VAT Act ??

25 July 2013 It is based on turnover. if the turnover exceeds Rs.1 crore then VAT audit apply

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Querist : Anonymous

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25 July 2013 Is turnover inclusive of VAT...??
Or is it Pure Turnover (Sale)...??

25 July 2013 It is aggregate amount of sale price received from buyer. so inclusive of VAT only

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Querist : Anonymous

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26 July 2013 thnak u sir...


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