Purcahse and Sales under Vat Act

Thakkar Hiren C (Sr Accountant ) (118 Points)

05 August 2009  

 i am the Dealer of the Relaince web word , i am purcahse the Recharge in the Mobile 10000 i am gettig 10250 to distribute the Customer here 250 is my profit now this 10000 treat as purchase and 10250 treat as sales ? of if i made total 40 lakhs recharge purcahse for the whole year , can i liable for the audit of the firm i am not talking about the Recharge coupne i am talking about the recharge transfer to mobile

thanks in advance