Vat audit

If  Your firm turnover more thane 60 lacs thane your firm required vat audit

Best Regards

Vikash Jha

 tax audit is done when your turnover exceeds 60 lakh .

  VAT audit is done when your turnover exceeds 100 lakh and tax audit is done when your turnover exceeds 60 lakh .

 

 VAT audit is done when your turnover exceeds 100 lakh and tax audit is done when your turnover exceeds 60 lakh .

thanks

 

Dear Lalitji

                    VAT audit is applicable as an when Total Purchase or Total sales exceed Rs. 60 lacs than the firm is liable for VAT audit.

Hi..

Go wid dis link for the amendment in dis regard..

https://www.saralvat.com/articles/VATCIR88.php ..

1 cr is d limit...

Applicability of VAT Audit under MVAT Act, 2002

As per section 61(1) of Maharashtra Value Added Tax Act, 2002, audit is applicable to 

• a dealer who is liable to pay tax and his turnover, either of sale or purchases exceeds Rs. 60Lakhs during the Financial Year
• .a dealer who holds a Liquor Licence in Form PLL< BRL, E, Fl or Cl

Applicability of VAT Audit under MVAT Act, 2002

As per section 61(1) of Maharashtra Value Added Tax Act, 2002, audit is applicable to 

• a dealer who is liable to pay tax and his turnover, either of sale or purchases exceeds Rs. 60Lakhs during the Financial Year
• .a dealer who holds a Liquor Licence in Form PLL< BRL, E, Fl or Cl

What is VAT audit? and What documents requiered for that?

Form WW For VAT  Audit