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Provisions for VAT Audit

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This query is : Resolved

Vivek Sharma (Querist)

12 September 2008 What is the procedure of Conducting VAT audit in Uttarakhand?
What are the monetary limits for conducting the said audit?
What are the specified forms for reporting under VAT?

Radhika

Radhika (Expert)

12 September 2008 in U.P. It si 1 Crore or more

Jiwan singh

Jiwan singh (Expert)

04 June 2009 (1) Where in any particular year gross turnover of a dealer exceeds forty lakh rupees or such other amount as the Commissioner may, by notification in the Official Gazette, specify, then such dealer shall get his accounts, in respect of that year, audited by an accountant before 31st October in the following year and obtain a report of such audit duly signed and verified by such accountant and setting forth such particulars as may be prescribed.
(2) A true copy of such report shall be furnished by such dealer to the assessing authority within two months after the expiry of the period during which the audit is required to be completed as per sub-section (1).

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