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Vat audit

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Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2013 FOR FY 2012-13 VAT AUDIT T/O IS HOW MUCH ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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03 July 2013 It is based on state, please specify the state

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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02 August 2025 Hey! For VAT audit applicability in FY 2012-13, the turnover threshold varies by state, but generally:

* Most states require a **VAT audit if your turnover exceeds Rs. 1 crore** (10 million) in that financial year.
* Some states may have a lower threshold, like Rs. 50 lakhs, but Rs. 1 crore is the common limit.

So, if your **annual turnover exceeds Rs. 1 crore for FY 2012-13**, VAT audit is usually mandatory.

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**Tip:** Always check your specific state’s VAT rules and notifications, as thresholds and procedures may differ.

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