Vat Audit

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CA Gaurav Choradia

Relationship Manager

418 Points Joined August 2009

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.

Replies (3)

CA Ashish Bansal

Manager Finance & Accounts

73 Points Joined March 2009

There is no eligibility of 40 lacs and he is required to get his Vat Audit

Guest

EVERY ASSSESSE WHOSE TOTAL TURNOVER INCREASES RS. 1 CRORE IS LIABLE FOR VAT AUDIT. HERE TERM "TURNOVER" INCLUDES DOMESTIC SALES, INTERSTATE SALES AND EXPORT................