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DVAT Notification No.F.7(420)/Policy/VAT/2011/1203-1213

Dated 11-02-2013


Every registered dealer liable to get his accounts audited as per section 49 of the Act read with Rule 42-A of the Rules shall furnish audit report in Form AR-1 within seven and a half months from the end of the year in duplicate. This notification is applicable only for dealers with a gross turnover of Rs.10 crore (rupees ten crore) and above in 2011-12 or in any of the subsequent financial years. Dealers exclusively dealing in commodities listed in the First Schedule appended to the Act and the dealers with 100% export turnover shall be exempted from furnishing audit report under this notification.

ID: 95 | Views: 1147 | Date: 05-05-2013| Posted By:

CA Mohit Jain