Form itr f.y 2016-17

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 October 2018 Hello Sir
My Uncle Doing Rice Business. He doesn't have any awareness about VAT Registration.
Auditor file ITR - 4 for the F.Y 2016-17.
Turnover 95,00,000.
Auditor entered profit and loss a/c and balance sheet in form ITR 4 but he doesn't have any VAT returns.
But ha has Bank Transaction related Business activity.
Is Assessee eligible to file ITR 4 if he doesn't have VAT returns?

Is Auditor action right or wrong?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 October 2018 VAT registration may not be required for rice business. GST registration also not required for rice business as it's exempt from GST. Assessee is eligible for ITR 4. Auditor's action is right.

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