Vat audit checklist
This query is : Resolved
02 April 2013
Dear all
Please provide me a checklist for audit under
Please provide me a checklist for audit under
03 April 2013
Mr Vikas,
The VAT audit is generally done to the point of drawing a Trading and Manufacturing a/c.Sales bills,sales register,sales ledger,returns and sales a/c on one part and Purchase bills,register,returns, ledger,and a/c on another part.Stock and work-in-progress evaluation using a standard procedure is to be followed. In an industry manufacturing expenses,labour and overhead and in the case of a works contract site expenses,labour and overhead are to be included in the Trading a/c.Additional items such as,sale of movable and intangile assets,scrap,are to be considered.Filing of returns,calculation of taxable turnover,tax rates applied and the payments made to the govt are to be verified as per rules.....mjk
The VAT audit is generally done to the point of drawing a Trading and Manufacturing a/c.Sales bills,sales register,sales ledger,returns and sales a/c on one part and Purchase bills,register,returns, ledger,and a/c on another part.Stock and work-in-progress evaluation using a standard procedure is to be followed. In an industry manufacturing expenses,labour and overhead and in the case of a works contract site expenses,labour and overhead are to be included in the Trading a/c.Additional items such as,sale of movable and intangile assets,scrap,are to be considered.Filing of returns,calculation of taxable turnover,tax rates applied and the payments made to the govt are to be verified as per rules.....mjk
Message likes :
3 times
20 May 2013
Yes I agree with the expert MJK
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
