Vat audit

Originally posted by : niloy sanyal
	What is turnover limit of VAT Audit in West Bengal for the Financial Year 2013-2014 for Partnership Firm, Pvt. Ltd. Company and also send  last date for VAT Audit return Submission.

- Other than Public/Pvt. Ltd. Company: Rs. 5 crores, w.e.f. F.Y. 2012-13.
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- For Public/Pvt. Ltd. Company: Mandatory, no threshold criteria applicable.
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[Note: Refer to section 30E of the WBVAT Act, 2003 and Trade Circular No. 07/2013, dated 01.04.2013.]
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The last date for submitting VAT Audit Report/Statement in Form 88/88A for F.Y. 2013-14 has been extended up to 31.03.2015.

Thank you sir.

SUBJECT: WEST BENGAL VAT AUDIT FY 2015-16

Dear All,

 Wishing you all Happy Diwali.

Please advice:

VAT Audit in Form 88, for the Financial Year  2015-16, is applicable if the Turnover of the assessee / dealer is exceeding which financial turnover limit.

What is the last date for that audit?Fine limit?

Procedure to do WB Vat Audit?

Any suggested book for WB VAT Audit?

Thanking you,
With Regards,

Gautam Roy

What is the threshold limit of annual turnover for applicability of VAT audit in WB for FY 15-16??

What is the threshold limit of annual turnover for applicability of VAT audit in WB for FY 15-16??  

naresh basia 

As per sec 30E the monetary limit of filing Audit Report in Form 88A has heen raised form 5 crore to 10 crore & w.e.f 1 aprl 2015. 

So, for the Financial Year monetary limit  5 crore.