banner_ad

Vat Audit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 April 2008 Who is required for vat audit in gujrat.
Profile Image

sachin alwadhi

Profile Image

sachin alwadhi (Expert)
23 August 2010
14.1 Under Gujarat VAT, every dealer, registered or unregistered, liable to pay tax
and if his turnover of Sales or Purchases exceeds of rupees 1 Crore in any
year, than his accounts in respect of such year audited by an accountant (i.e.
Practising Chartered Accountants or Cost Accountants or Legal Practitioner or
Sales Tax Practitioner) within SIX MONTHS from the end of that year.
14.2 A copy of such audit report will required to be furnished by such dealer to the
Commissioner within 30 days from the date of obtaining audit report.
14.3 In case of any failure to furnish the copy of the report within the time
prescribed, the Commissioner may, after giving a reasonable opportunity,
impose in addition to the tax payable, sum by way of penalty maximum of
Rs. 10,000/-.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details