VAT Audit applicability : Turnover incl Labour chgs earned?
This query is : Resolved
29 January 2009
MVAT Audit is mandatory if T.O of sales or purchases exceeds Rs. 40 lacs.
While calculating T.O. Sales, whether Labour charges earned would form part of T.O. of Sales for determining audit applicability?
Sale of goods Rs. 30 lacs
Labour charges earned Rs. 15 lacs
purchases of goods Rs. 20 lacs
Whether MVAT Audit applicable?
While calculating T.O. Sales, whether Labour charges earned would form part of T.O. of Sales for determining audit applicability?
Sale of goods Rs. 30 lacs
Labour charges earned Rs. 15 lacs
purchases of goods Rs. 20 lacs
Whether MVAT Audit applicable?
C A GROUP COACHING
(Expert)
29 January 2009
have you charged vat on labour & have you shown labour chgs in your vat return ? yes
30 January 2009
Mr. Ambani Thanks for ur reply.
Still i m confused. Pls elaborate.
Still i m confused. Pls elaborate.
26 June 2023
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