Vat audit limit fy 2017-18



IN MAHARASHTRA VAT AUDIT LIMIT FOR THE PERIOD APR 2017 TO JUNE 2017 IS 25 LAKH. DOES TURNOVER OF 25 LAKH INCLUDES TAX OR VAT AMOUNT.PLEASE HELP

 
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Practicing Chartered Accountant

Yes, definition of turnover in MVAT Act includes the tax/Vat amount to calculate turnover


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I would like more information about this, because it is very nice., Thanks for sharing.
 
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Executive

If the turnover exceeds Rs 25 lakhs, then  VAT Audit is compulsorily.

 
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