Vat audit
This query is : Resolved
jaigurudev
(Querist)
13 October 2013
dear sir,in karnataka after all vat audit department issue notice to show a/c book .will any one clear that what is the sence of vat audit when dept.want to check books where business of taxable goods or exempted goods and also no time limit.they call for any previous year.please advice
CMA Ramesh Krishnan
(Expert)
14 October 2013
VAT audit is normal compliance provision which can be done any qualified and eligible person want to do the audit, can do the same. but VAT audit is not final one for your VAT assessment, department has right to check the books of accounts of any assesse at anytime. that time VAT audit report can be taken as additional evidence
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