Yes you are liable to Vat Audit.................Its requires gross turnover .

And also in Mvat any gross purchase or gross sales exceeds Rs 60 lakh .............Its liable to vat audit

For VAT Audit, Gross Turnover is applicable and not Net Turnover.

AS per MVACT the turnover for tax audit is 60 Lakhs

Agree with Deepak 

THANQ DEEPAK SIR 

what will be turnover of purchase or sales for vat audit

if we are showing it on net basis then also we are liable for VAT Audit??