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Vat audit

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sonal

sonal (Querist)

05 December 2013 how to conduct vat audit in form 704..?

Shriram Gupta

Shriram Gupta (Expert)

05 December 2013 VAT Audit is quite lengthy topic for which giving guidance is not possible here.
If you are facing some specific problems that can be asked and will be resolved..

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

05 December 2013 I agree with Mr Sriram. However,the audit work varies from dealer to dealer.Works contract,manufacturing,whole sale and retail trading,import,export,leasing,etc,each need a different approach. The main point to be considered is purchase and sale,input and output taxes,balance to be paid.Documents such as books of accounts,returns,supportig invoices and final accounts. All these are to be scrutinised.This is in brief. Any way, one should have sufficient mastery over the subject to make a certifying audit....mjk

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