Turnover for vat audit under mvat act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2013
Respeted al CCI expert,
Please tell me whether turnover or gross turnover liable to vat audit?
And what includes in turnover of sale?
suppose,
I have net sales (exluding vat) Rs 5800000.00 and vat on it is Rs 225000.00 whether I am liable to vat audit under mvat act.????
Please tell me whether turnover or gross turnover liable to vat audit?
And what includes in turnover of sale?
suppose,
I have net sales (exluding vat) Rs 5800000.00 and vat on it is Rs 225000.00 whether I am liable to vat audit under mvat act.????
27 June 2013
Gross turnover is liable to vat audit. In ur case u are liable to vat audit under mvat act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- Due Date Clarity
- Accounting with Claude
- Banking Related Issue
- Taxability of credit in canara bank ET & T section (NRO)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
