Do not Copy/Paste on other website/blog/forum site,we may demand compensation from you.However ,You may Provide only link back to our site. Service Tax Rate Chart Wef 01.06.2015 on all Services
In India, VAT Audit is compulsory in all except 4 States, (subject to Turnover limits for the dealers) Himachal Pradesh, Haryana , Sikkim Delhi Till recently, Delhi was a part of this list. However, the Delhi Government has notified that a Dealer with a Turnover of over Rs. 10 crore has to submit a VAT Audit report. As per section 40 of DVAT,If, in respect of any particular year, the gross turnover of a dealer exceeds one crore Rupees or such other amount as may be prescribed(10 crore as of now), then, such dealer shall submit a report in such manner, form and period as may be notified by the Commissioner.
Introduction to VAT Audit The overall objective of the system is to maximize the collection of VAT Revenue by maximizing the level of voluntary compliance and by deterring evasion. The principle of checking of submitted returns by going through books of accounts has been assigned to the Professional Chartered Accountants.
A PPT on Audit report under DVAT by CA Sandeep Garg is given below .
AUDIT UNDER DELHI VALUE ADDED TAX (DVAT) CLAUSE BY CLAUSE PPT Reviewed by RAJA BABU on 9/02/2013 Rating: 5 In India, VAT Audit is compulsory in all except 4 States, (subject to Turnover limits for the dealers) Himachal Pradesh, Haryana , Sikkim ...