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
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