Vat audit report e-704



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

 
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Coaching and Practice in Tax Audit Law.

Yes

 
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Yes?

Whether annual figures or 3 Months Figures needs to be reconciled

 
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Coaching and Practice in Tax Audit Law.

3 months trading and turnonver as per return figure must be reconciled.

 
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There is any Notification or Circular is available regarding this ?

 
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Coaching and Practice in Tax Audit Law.

Check in instruction page line no. 53 point no. 26 of form

 
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Line no. 53 or Point No. 26 mandates only determination but it does not specify Period of Reconciliation

 
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Coaching and Practice in Tax Audit Law.

If your audit report is for 3 months then obviously reconciliation will also be for 3 months only.

 
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Ok... Department has not Issued any Circular regarding this?

 
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Coaching and Practice in Tax Audit Law.

no.

 
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