MVAT Audit
This query is : Resolved
26 December 2008
I AM RUNNING A COUNTRY LIQUOR SHOP SINCE DEC 2007.
IN CURRENT FINANCIAL YEAR I CROSSED RS. 500000 LIMIT SO I TAKE REGISTRATION IN CURRENT YEAR.
BUT IN LAST YEAR I DID NOT TAKE REG. AS I AM BELOW LIMIT.
SO NOW QUESTION IS WHETHER I HAVE TO AUDIT UNDER MVAT FOR THE LAST YEAR ALSO EVEN THOUGH I AM NOT DEALER.
IN CURRENT FINANCIAL YEAR I CROSSED RS. 500000 LIMIT SO I TAKE REGISTRATION IN CURRENT YEAR.
BUT IN LAST YEAR I DID NOT TAKE REG. AS I AM BELOW LIMIT.
SO NOW QUESTION IS WHETHER I HAVE TO AUDIT UNDER MVAT FOR THE LAST YEAR ALSO EVEN THOUGH I AM NOT DEALER.
C A GROUP COACHING
(Expert)
26 December 2008
DEFINATION OF DEALER MEANS A PERSON IN BUSINESS OF SALES & PURCHASE.
YOU HAVE TO GET YOUR ACCOUNTS AUDITED EVEN UNDER IT ACT & VAT AUDIT REPORT ALSO TO BE SUBMITTED BY YOU
CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674
YOU HAVE TO GET YOUR ACCOUNTS AUDITED EVEN UNDER IT ACT & VAT AUDIT REPORT ALSO TO BE SUBMITTED BY YOU
CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
