Liable for vat audit

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Chetan (Querist)
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04 January 2014 THE DEALER HAVING TIN NO AS PROPRIETOR & HE IS ALSO LIABLE FOR MVAT AUDIT. IN F.Y.2012-13 HE CHANGE CONSTITUTIONS FROM PROPRIETOR TO PARTNERSHIP.NOW THERE TURNOVER CROSS AUDIT LIMIT i.e.RS.60LAKH. WHETHER HE IS LIABLE FOR FILE AUDIT FOR THE F.Y.12-13.

CA Kedar Sakhardande

CA Kedar Sakhardande (Expert)
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04 January 2014 yes

threshhold limit for mvat audit is Rs. 60 lacs for fy 12-13 irrespective of constitution of business

due date is 15/01/14

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