C.A & C.S Final
63 Points
Joined June 2011
Dear Vaibhav,
Vat Audit is like a normal Tax Audit but here you have to look on the various criterias like Interstate Purchases and Intra State Purchases and same with Sales because the main idea behind Vat Audit is to take a correct Set-Off and for claiming it right ,one has to keep in mind wheather the Vat Output and Input is taken correctly and the rates are not differing.
Members please comment on the same.