Vat audit

Here i am explaining the regular VAT Audit done be either in Internal Audit time or Stat Audit time.

1. Take the print outs of VAT Input Ledger, Out Put ledger, VAT Payable Ledger, CST Ledger

2. Take the purchase bills, sale invoices, VAT Returns with supportings.

3. Verify the purchase invoices with Input ledgers and all the Inputs has been correctly taken or not. If the items are purchased out of state then "C Form" issued or not

4. Verfy the sales invoices with Out Put ledgers and check any out side state sakes are there then check "C Form " has been received or not

5. Check the Inpt and out put ledgers with VAt Retuens all the things are coreclty filed or not

6. Check the challans with Returns.

Regards

Praveen Kumar