Hi all,
a)A firm is following exclusive method(i.e. excise and vat is not included sales turnover),now can a tax auditor consider or add back excise and vat to the sales for calculation of turnover criteria 60 lacs for the purpose of tax audit?
b)Whether a firm has choice of following inclusive or exclusive method?
c)Can a tax auditor can add back excise to the sales irrespective of the the inclusive or excluisve method followed by the entity?
CAclubindia
