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DVAT – Dropping from audit proceedings in r/o dealers dealing exclusively in exempted/tax free items.

DEPARTMENT OF TRADE & TAXES
VAT AUDIT BRANCH, 12TH FLOOR,
VYAPAR SHAWAN, I.P. ESTATE, NEW DELHI

NO.VAT AUDIT/HQ/2013-14/ 2920 – 2927                                   Dated: 24/07/2013
CIRCULAR

The: V.AT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards have been assigned the audit of the business affairs of dealers u/s 58 of DVAT Act, 2004 based on the risk profile of the dealers. Amongst such selected cases, some cases pertain to the dealers who are engaged exclusively in exempted/tax free items. In this regard, it is clarified that such cases of dealers engaged exclusively in exempted/tax free items may not be taken up for audit, even if a notice of audit has already been issued to the dealer. Such cases may, be dropped from audit proceedings with the approval of concerned Zonal Joint/Addl.Commissioner.

This issues with the prior approval of Commissioner, VAT.

(P. R. KAUSHIK)
VATO, HQ, VAT AUDIT

Tags: AccountingBusinessCommissionerDelhiNew DelhiSpl. Zone BranchValue Added TaxWards

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