Vat audit criteria for kvat audit

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Hi Friends,

   what is the criteria for VAT Audit (form 240) by Chartered Accountants under KVAT Act for F Y 2010-11

Replies (4)

it is 1.00 crore  under tha karnataka value added tax - KVAT.

can u please provide some more details .. amendments..

Hi,

I think the limit for VAT audit is a turnover of 60 lacs in AY 11-12...dont kno whether it is revised to 1 cr for AY 12-13..

Pls post d amendment link...

for KVAT ref circular #1 dated 21.04.2011 - KSA.CR.230\2010-11 DT 21.04.2011

jrk


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