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 Topics :
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
Related Topics :
CAclubindia
