Excise and center sale tax , taxaudit limit
This query is : Resolved
06 August 2013
sir
please tell me excise and center sale tax ,tax audit limit
ashwini
please tell me excise and center sale tax ,tax audit limit
ashwini
CMA Ramesh Krishnan
(Expert)
09 August 2013
Central excise audit is department will conduct and presently following the limit
1.Units paying more than Rs. 3 crores Every year
2. Units paying between Rs. 1 crore and
Rs. 3 crores Once every two years
3. Units paying between Rs. 50 lakhs and
Rs. 1 crore Once every five years
4. Units paying below Rs. 50 lakhs 10% of the units every year
Sales tax based on the Local VAT act differ from state to state
1.Units paying more than Rs. 3 crores Every year
2. Units paying between Rs. 1 crore and
Rs. 3 crores Once every two years
3. Units paying between Rs. 50 lakhs and
Rs. 1 crore Once every five years
4. Units paying below Rs. 50 lakhs 10% of the units every year
Sales tax based on the Local VAT act differ from state to state
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