Vat audit of business having liquor sale & other than liquor
This query is : Resolved
18 May 2012
Can anybody tell me the provision of vat audit of business having liquor sale & non liquor sale. i.e the vat audit of liquor business is compulsory but the sale of other business would be included? Also even after the inclusion the total sale & purchase does not exceeds the specified limit amount, then in that case can the vat auditor skip other than liquor part
Prakash Kochar
(Expert)
21 May 2012
Liquor dealer is under statutory obligation for vat audit.For audit of liquor dealer, turnover of all businesses/commodities are to be consider, can not skip other turnover even total turnover is below the minimum limit prescribed u/s.61(1)(a).
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