Vat audit limit for f.y. 12-13
This query is : Resolved
Pritesh Vithlani
(Querist)
10 January 2013
Is any circular/notification has been issued by Dept of Sales Tax for increase in vat audit limits from Rs 60 lakhs to Rs 1 Crores as done in IT Audit?
Guest
Guest
(Expert)
10 January 2013
For which state?
Pritesh Vithlani
(Querist)
16 January 2013
State of Maharashtra
Guest
Guest
(Expert)
16 January 2013
For Maharashtra the limit is same as the limit for tax audit. i.e. if a concern is liable for tax audit then it is liable for vat audit.
Pritesh Vithlani
(Querist)
18 January 2013
Any circular/notification/clarification has been issued? If yes, provide the same? I am under the impression that VAT Audit limit u/s 61 is still Rs 60 lacs.
CA.Kanhaiyalal Gupta
(Expert)
07 October 2013
Currently in Maharashtra Vat Audit Limit u/s. 61 is still 60 Lacs
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