What is the vat audit limit for the composition scheme?
This query is : Resolved
Kartik Singhvi
(Querist)
22 May 2014
dear sir what is the vat audit limit for the composition scheme dealers ?? pls reply fast sir
MJ Krishnamurthy
(Expert)
24 May 2014
There is seperate audit limit for composition dealers. In some states it is Rs50 lakhs or in many states the IT limit is adopted for VAT also....mjk
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