Vat audit turnover f.y.:2012-13
This query is : Resolved
31 May 2013
HI EXPERTS, MY BUSINESS SALES TURNOVER IS 5848661.00. BUT IF I INCLUDE 411802.00 TAX TOTAL BECOMES 6260463.00
SO MY QUESTION IS IF I INCLUDE TAX THEN IM LIABLE FOR VAT AUDIT. AND IF NOT THEN IM NOT LIABLE FOR VAT AUDIT.
IM NOT CLEAR WHETHER TAX HAVE TO BE INCLUDED OR EXCLUDED.
KINDLY REPLY URGENTLY EXPERTS..
SO MY QUESTION IS IF I INCLUDE TAX THEN IM LIABLE FOR VAT AUDIT. AND IF NOT THEN IM NOT LIABLE FOR VAT AUDIT.
IM NOT CLEAR WHETHER TAX HAVE TO BE INCLUDED OR EXCLUDED.
KINDLY REPLY URGENTLY EXPERTS..
MJ Krishnamurthy
(Expert)
01 June 2013
Mr Girish,
The total receipts,including tax collected,freight,packing,interest etc is to be taken into account for making liable for audit....mjk
The total receipts,including tax collected,freight,packing,interest etc is to be taken into account for making liable for audit....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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Working on Gold wastage during Melting of old gold jewellery
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- TDS- 2026-27 Q1 Correction
- Capital gains in IT returns
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
