DEPARTMENT OF TRADE AND TAXES
(VAT AUDIT BRANCH)
12TH FLOOR, VYAPAR BHAWAN, IP ESTATE, NEW DELHI
(VAT AUDIT BRANCH)
12TH FLOOR, VYAPAR BHAWAN, IP ESTATE, NEW DELHI
No.VAT AUDIT/HQ/2013-14/ .2601-2608 , Dated: 09.07.2013
CIRCULAR
This is in continuation of circular No.VAT Audit/HQ/2013-14/2406-2413 dated 02-07-2013 vide which it was clarified that the audit of business affairs of the dealers having GTO more than Rs.10 Crore for the year 2012-13 may be conducted after 15-11-2013 i.e. after submission of audit report for the year 2012-13 in Form AR-1. Now in this context, it is further clarified that if the details/information’s furnished by auditor in Form AR-1 in respect to the dealer are found satisfactory as regards the 2012-13 parameters, which led to dealer being picked up for audit, and the dealer accordingly deposits the tax, then the audit of the dealer for the period 2012-13 may not be pursued further.
This issues with the prior approval of Commissioner, VAT.
CIRCULAR
This is in continuation of circular No.VAT Audit/HQ/2013-14/2406-2413 dated 02-07-2013 vide which it was clarified that the audit of business affairs of the dealers having GTO more than Rs.10 Crore for the year 2012-13 may be conducted after 15-11-2013 i.e. after submission of audit report for the year 2012-13 in Form AR-1. Now in this context, it is further clarified that if the details/information’s furnished by auditor in Form AR-1 in respect to the dealer are found satisfactory as regards the 2012-13 parameters, which led to dealer being picked up for audit, and the dealer accordingly deposits the tax, then the audit of the dealer for the period 2012-13 may not be pursued further.
This issues with the prior approval of Commissioner, VAT.
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