if the eligibility of VAT audit is 40 lacs and a assesse had 1crore sales and out of which 95 lacs sales is export and rest was domestic sales. Is he liable for Vat audit.
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Vat Audit
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There is no eligibility of 40 lacs and he is required to get his Vat Audit
EVERY ASSSESSE WHOSE TOTAL TURNOVER INCREASES RS. 1 CRORE IS LIABLE FOR VAT AUDIT. HERE TERM "TURNOVER" INCLUDES DOMESTIC SALES, INTERSTATE SALES AND EXPORT................
no turnover limit of Rs.40 lakhs
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