Vat audit
This query is : Resolved
MAHESH SABOO
(Querist)
10 December 2014
what is the limit of vat audit for the f.y. 13-14
CMA Ramesh Krishnan
(Expert)
10 December 2014
It is based on the State VAT act. refer the same
02 August 2025
For the Financial Year 2013–14, under the Tamil Nadu Value Added Tax (TNVAT) Act, a VAT audit is mandatory for registered dealers whose total turnover exceeds ₹1 crore. This includes all sales, including exempt and inter-state sales. The audit report must be submitted in Form WW.
Legality Simplified
+6
Team Lease Regtech
+6
TaxGuru
+6
Team Lease Regtech
📅 Due Date for Filing VAT Audit Report
The due date for submitting the VAT audit report for FY 2013–14 was 31st December 2014. This deadline is consistent with the provisions of the TNVAT Act, which require the audit report to be filed within nine months from the end of the financial year.
⚠️ Consequences of Late Filing
If the VAT audit report was filed after the due date, the following penalties could apply:
Late Filing Penalty: A penalty of ₹10,000 could be levied for belated submission.
Team Lease Regtech
Interest on Tax Dues: Interest may be charged on any outstanding tax liabilities.
Scrutiny or Notices: Delayed filing might trigger scrutiny or notices from the VAT department.
✅ Steps to Take if Audit Report is Filed Late
Immediate Filing: If not already done, submit the audit report in Form WW as soon as possible.
Lexplosion
+4
Team Lease Regtech
+4
Legality Simplified
+4
Payment of Penalties: Be prepared to pay any applicable penalties or interest.
Communication with Authorities: Consider writing to the Commercial Tax Department explaining the reasons for the delay and requesting leniency, if applicable.
Maintain Compliance: Ensure timely submission of future returns and audit reports to avoid penalties.
Legality Simplified
+6
Team Lease Regtech
+6
TaxGuru
+6
Team Lease Regtech
📅 Due Date for Filing VAT Audit Report
The due date for submitting the VAT audit report for FY 2013–14 was 31st December 2014. This deadline is consistent with the provisions of the TNVAT Act, which require the audit report to be filed within nine months from the end of the financial year.
⚠️ Consequences of Late Filing
If the VAT audit report was filed after the due date, the following penalties could apply:
Late Filing Penalty: A penalty of ₹10,000 could be levied for belated submission.
Team Lease Regtech
Interest on Tax Dues: Interest may be charged on any outstanding tax liabilities.
Scrutiny or Notices: Delayed filing might trigger scrutiny or notices from the VAT department.
✅ Steps to Take if Audit Report is Filed Late
Immediate Filing: If not already done, submit the audit report in Form WW as soon as possible.
Lexplosion
+4
Team Lease Regtech
+4
Legality Simplified
+4
Payment of Penalties: Be prepared to pay any applicable penalties or interest.
Communication with Authorities: Consider writing to the Commercial Tax Department explaining the reasons for the delay and requesting leniency, if applicable.
Maintain Compliance: Ensure timely submission of future returns and audit reports to avoid penalties.
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