Turnover for vat audit in maharastra
This query is : Resolved
CA Macson Lopes
(Querist)
06 December 2013
REGARDING MVAT:
My Sales in FY 2012-13 = 58,01,900
And VAT on Sales = 2,90,123
i.e Sales inclusive of VAT = 60,92,023.
T/o of Sales as per B/sheet = 58,01,900.
Whether it is mandatory to conduct VAT audit.
Thanks in Advance.
My Sales in FY 2012-13 = 58,01,900
And VAT on Sales = 2,90,123
i.e Sales inclusive of VAT = 60,92,023.
T/o of Sales as per B/sheet = 58,01,900.
Whether it is mandatory to conduct VAT audit.
Thanks in Advance.
Manish Bhandari
(Expert)
06 December 2013
Yes your turnover as per defination of vat is above 60 so audit is applicable.
Turnover includes VAt, Tax Free Sale, Net Sale, Goods Returns.
Turnover includes VAt, Tax Free Sale, Net Sale, Goods Returns.
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