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Turnover for vat audit

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(Querist)
21 October 2012 what is the gross turnover limit applicable for vat audit? is this 6000000
or 10000000
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 October 2012 Rs. 60 lakhs in the state of KERALA as per section 42 read along with rule 60.
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
21 October 2012 Many states do not have any such limit. Audit is done intelligence information or just pick and choose method.....MJK
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