Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2014
While conducting Tax audit, Data related to sales and purchases do not matches with their respective VAT Returns.
So while finalizing the audit report, in P&L what amount i should show either as shown in books or as shown in Vat Returns?
OR any other option if any, please mention.
Thanks a lot
So while finalizing the audit report, in P&L what amount i should show either as shown in books or as shown in Vat Returns?
OR any other option if any, please mention.
Thanks a lot
15 October 2014
Financial statements should contain book figures. Reconciliation statement is needed for book figures vs VAT return figures.
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