03 September 2007
What is the standard procedure that is to be followed for doing audit under K VAT, Whom we have to approach for doing the audit( either Sales tax department will allot the audit for CA Firm, or individuals below tax limit who approach only should be audited. please answer the quiery it is emergency
19 November 2007
Sir, I dont know about the exact position in Karnataka, but in most of the states, sales tax department does not interfare in the appointment of auditors. In other words, the same process of audit u/s. 44AB under IT Act is followed in case of audit under VAT also. Please rectify me, if Karanataka VAT Act prescribes any different procedure.
CAclubindia
