Hi
Is vat audit applicability for following transaction:
Total turnover as per Balance Sheet(Net of Excise) Rs.80 lacs
Total Turnover includes:
service export sale Rs.75 lacs
service domestic sale Rs.4.50 lacs
Scrap sale in maharashtra Rs.0.50 lacs
NOTE: VAT registration already done.
If VAT audit is applicable, then please clarify with section or notification if any.
CAclubindia
