For FY 2019-20 under Vat Maharashtra act
Whether VAT Audit is applicable for petrol pumps & liquor shops?? Petrol & liquor purchased from registered dealers & sale is done to unregistered customers I.e. end consumers
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Vat audit FY 2019-20
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For the FY 2019-20, if your petrol pump or liquor shop's annual turnover of sales or purchases exceeded the prescribed threshold of ₹1 crore, you are required to conduct a VAT audit and file Form 704, as these goods remain under the MVAT Act. The status of your customers (unregistered) does not exempt you from this statutory requirement.
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