Annexure k in vat audit ,,......

plz reply .........

Annexure K in VAT Audit Report in Form 704 represents the Reconciliation of Sales and Purchases as per the figures considered in the Audited financial statements and the figures considered as per the Sales and Purchase Summary.

For Example:

Sales as per Profit and Loss Account XXXX

Add: 

Sales as per Sales Summary XXX

Similiarly for Purchases

thanks 4 reply ...i m bit confused..

sales as per profit and loss account is total figure then why you are adding again sales as per summary..........

Sales as per summary shall not be added in the reconciliation but it is the figure which is to be arrived at. 

Sales as per P & L Account XXXXX

Add: 

VAT @ 5%  XXX

VAT @ 12.5% XXX

Others          XXXX

......             XXXX

......             XXXX

total             XXXX

Sales as per Sales summary XXXX

Diff               (Total - Sales as per Sales summary which should equal to zero)

ok i got it ....thanks