I HAVE A TRADING FIRM IN MUMBAI.
I HAVE FILLED 4 QUATERLY RETURNS FOR P.Y. 2007-08 FOR M.VAT
THE AMT. INCL. OF VAT IS 47 LACS.
DO I NEED TO GO FOR VAT AUDIT ?
YET MY IT RETURNS ARE NOT FILLED, SO IS THERE A POSSIBILITY THAT I SHALL REVISE MY VAT RETURNS AND REDUCE THE AMT TO LESS THAN 40 LACS, SO I SHALL NOT COME UNDER VAT AUDIT AND NOT EVEN AUNDER IT AUDIT.
I HAVE EVEN MISSED THE DATE OF AUDIT OF IT RETURNS.
PLS HELP ME ON MY PROBLEM.
CAclubindia
