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vat audit
what to report when a client do not keep record of urd purchases?
Replies (3)
I could not understand your question.
Hi Sameer,
Total Purchase - RD Purchase would be taken as URD Purchase. Its better to maintain the bifurcation for you purchases. You get deduction for maintainence and repairs and so on......
if a client does not keep urd details and all expenses in p/l A/c are gross i.e. net+vat.
and at the end of the year it is not possible to bifurcate vat in indirect expenses due to voluminious data or lack of time by the client
then in that case how to report in vat audit report?
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