Ratios in form 704

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Dear Firends/ Seniors

 

One of my client has VAT audit for the first time for the Financial Year 2011-12, can any one please tell me whether it is mandatory to give ratios for the previous Financial year that is 20110-12 in Annexure F

 

Thanks in Advance

 

Warm Regards

Ravi Dasija

Replies (1)

One of my client has VAT audit for the first time for the Financial Year 2011-12, can any one please tell me whether it is mandatory to give ratios for the previous Financial year that is 20110-12 in Annexure F



Yes, according to me you will have to give figures of previous year even if the firm or co. was not under Audit the the previous year.

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