Vat 2006 Act

At present, there is no provision in the Act for auditing the accounts of a registered dealer by a chartered accountant or a cost accountant, if the total turnover, including zero sale and sale in the course of inter-state trade or commerce exceeded Rs 1 crore a year.

At present, there is no provision in the Act for auditing the accounts of a registered dealer by a chartered accountant or a cost accountant, if the total turnover, including zero sale and sale in the course of inter-state trade or commerce exceeded Rs 1 crore a year.