Rate of solar photovoltaic panels


01 June 2012 Please let me know the VAT rate of SOLAR Photovoltaic panels in Delhi. Please revert to me immediately if possible.

01 June 2012 My client (a small private limited company) appointed statutory auditors for the year 2008-09, 2009-10, 2010-11 and 2011-12 in the relevant AGMs. However such auditors did not conduct the audit for any of those years for certain reasons and resigned recently for all the years at one stroke.Now, a new firm of Chartered Accountants has been asked to conduct the audit of these company for all those 4 years.

My query is whether these statutory audits of 4 years are to be treated as 4 audit assignments or as one single audit assignment for the purpose of ceiling on number of audits as per the code of conduct of Chartered Accountants.

request you to kindly clarify.

04 June 2012 Ms Monika Sharma,
It is 4%,see entry #41A sub entry #23 of Sch III of Delhi VAT Act....MJK


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