Vat audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 May 2013
FOR FY 2012-13 VAT AUDIT T/O IS HOW MUCH ?
CMA Ramesh Krishnan
(Expert)
03 July 2013
It is based on state, please specify the state
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.
---
**Tip:** Always check your specific state’s VAT rules and notifications, as thresholds and procedures may differ.
* 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.
---
**Tip:** Always check your specific state’s VAT rules and notifications, as thresholds and procedures may differ.
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