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Tax audit

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Querist : Anonymous

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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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 October 2014 Financial statements should contain book figures. Reconciliation statement is needed for book figures vs VAT return figures.
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