Sagar (student) 01 December 2011
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Lakshy (Semi-Qualified C.A. PGDFM BCom.) 01 December 2011
keep books of accounts in Maharashtra Office during assessment from Sales Tax departments.
You can provide invoce copies to auditor as he reqired.
CA. Sushant Bhatnagar (Associate Manager - Taxation) 03 September 2013
Hi Sagar, For Maharashtra VAT Audit, the records pertaining to only Maharashtra VAT Act will be considered. When MVAT Audit is conducted, they would consider the return filed as the basis for initiating the process. There are number of things which would be required to complete which include C Forms, F Forms, All Return Copies, All Return challan. The MVAT Auditor will also ask for seperate Trial Balance, Balance Sheet and P& L for maharashtra. If you are following branch accoutning then the same can be easily provided whereas if centralised accounting is maintained then you would have to give a management declaration stating that no seperate books of accounts are kept for the branch. Please note that MVAT Audit report is considere as base when the Assessment is initiated the VATO Thanks & regards CA. Sushant Bhatnagar