Whether it is mandatory in to reconcile annual Sales and Purchases figure or 1Qtr figures with Figures reported in Sales tax return in Annexure K of Vat Audit Report 704
Menu
Vat audit report e-704
Replies (10)
Yes
Yes?
Whether annual figures or 3 Months Figures needs to be reconciled
3 months trading and turnonver as per return figure must be reconciled.
There is any Notification or Circular is available regarding this ?
Check in instruction page line no. 53 point no. 26 of form
Line no. 53 or Point No. 26 mandates only determination but it does not specify Period of Reconciliation
If your audit report is for 3 months then obviously reconciliation will also be for 3 months only.
Ok... Department has not Issued any Circular regarding this?
no.
Ok
Recent Threads
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
Related Threads
CAclubindia
