Mahavat audit 2013-14 - turnover limit

NIKHIL GADA (AUDIT ASSISSTANT) (100 Points)

07 June 2014  

According to the recent announced Maharashtra State Additional Budget, The Turnover Limit for VAT Audit has been increased from 60 lakhs to 1.00 crore.

My Question is that - does this limit is applicable for F.Y. 2013-14 or from F.Y. 2014-15 onwards.