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.
| Originally posted by : NIKHIL GADA | ||
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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. |
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Nikhil the limit is applicable from the financial year 2013-14.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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