Vat audit or annual vat return valid?
This query is : Resolved
harsh mehta
(Querist)
23 April 2013
Dear Experts,
I want to know the Vat Audit Report or VAT Return (Annual), which have an overriding effect.
Please give me documentary evidence for the support.
Thanks in advance.
I want to know the Vat Audit Report or VAT Return (Annual), which have an overriding effect.
Please give me documentary evidence for the support.
Thanks in advance.
MJ Krishnamurthy
(Expert)
24 April 2013
Mr harsh mehta,
The Annual report is just a summary of the monthly/quarterly/half yearly returns of dealer in a year. A VAT audit report is done after auditing the books of a/c by a vat and accounts expert.It should be a common report acceptable to both IT and VAT departments.VAT/IT audit report is certified by an authorised expert and therefore it has an overriding effect...mjk
The Annual report is just a summary of the monthly/quarterly/half yearly returns of dealer in a year. A VAT audit report is done after auditing the books of a/c by a vat and accounts expert.It should be a common report acceptable to both IT and VAT departments.VAT/IT audit report is certified by an authorised expert and therefore it has an overriding effect...mjk
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harsh mehta
(Querist)
24 April 2013
Thanks for your valuable opinion sir, can please give me any supporting for the same as i need it for scrutiny purpose.
MJ Krishnamurthy
(Expert)
25 April 2013
It is mentioned in all VAT/IT laws...mjk
08 June 2013
I agree with the experts
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