The Reader

Dear Members

One of client is liquor dealer. He has started his business in Jan 2009 and has crossed his turnover of Rs. 5,00,000/- in 28 March 2009 but take vat number in May 2009. So whether he is liable to do VAT audit for the year 2008-09 as he has not file any return for 2008-09.

Suppose he has not covered Rs. 5,00,000/- and in April he has closed his business then whether he is liable for MVAT Audit, if yes then what about E-70 Form. He has not having TIN, so not possible to upload. Thus it means he is not liable to do audit.

With Thanks & Regards
 

CA Vijay R Kalani

M.Com, ACA, LCS, ICWAI (FNL)

Partner

M/s. Kalani Mantri & Associates
Chartered Accountants

Head Office:                                         Branch Office:
CA. Nitin M Mantri                                CA Vijay R Kalani
39/587, Lokmanya Nagar,                     "SEVASADAN", New Mondha,
Navi Peth, Pune - 30                             Maganpura, NANDED - 431 602
Mobile - +91 94232 12750                      Mobile : +91 94232 13129
Email: canitinmantri@gmail.com            Email: cavijaykalani@gmail.com,    

Associates Office : Aurangabad, Jalna, Latur, Parbhani, Hingoli, Washim, Amravati, Akola

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