REGARDING FEES/REMUNERATION FOR SPECIAL AUDIT OF DEALERS UNDER SECTION 58A OF DVAT ACT, 2004 - VAT - Delhi - F/V Audit /Spl. Audit /2012/ 3921-29

OFFICE OF THE COMMISSIONER, VAT AUDIT GNCT OF DELHI, DEPARTMENT OF TRADE TAXES, (VAT AUDIT BRANCH) 12 TH FLOOR, VYAPAR BHAWAN, I P ESTATE, NEW DELHI-110002 No. F/V Audit /Spl. Audit /2012/ 3921-29 Dated:- 06.12.2013 CIRCULAR REGARDING FEES/REMUNERATION FOR SPECIAL AUDIT OF DEALERS UNDER SECTION 58A OF DVAT ACT, 2004 This is for information of all concerned that the fee/remuneration payable to the CA/CA Firms for conducting Special Audit under section 58A of the DVAT Act 2004 , will be as under :- Sl. No. Turnover (Slabs) (Rs.) Audit fees (Rs.) 1 Less than 50 Lacs 15,000 2 50 Lacs and more but Less than 2 Crore 25,000 3 2 Crore and more but less than 5 Crore 35,000 4 5 Crore and more but less than 10 Crore 60,000 5 10 Crore and more but less than 25 Crore 80,000 6 25 Crore and more but less than 50 Crore 1,00,000 7 50 Crore and more but less than 150 Crore 1,50,000 8 150 Crore and more but less than 300 Crore 2,00,000 9 300 Crore and more but less than 500 Crore 2,75,000 10 500 Crore and more but less than 1000 Crore 3,50,000 11 1000 Crore and more 4,00,000 Notes Turnover :- turnover means the aggregate of the amounts of sale price received or receivable by the person in any tax period, reduced by any tax for which the person is liable under section 3 of this Act - as under section 2(1)(z)(m) of DVAT Act, 2004 . Local Conveyance :- If the distance between the place of business of the Auditee and the Delhi Office of the Auditor is more than 8 Km., then actual Local Conveyance shall be payable to the Auditor for visiting the premises of the Auditee, subject to a maximum of 10% of the Audit Fee. Service Tax :- As applicable TA /DA :- Auditors are not expected to visit any place of business of the Auditee situated outside Delhi. Therefore, the Auditors are not eligible for any TA or DA. The Auditors are to submit requisite bill to the concerned Zonal Additional/Joint Commissioner, who would verify and forward the bill to Additional Commissioner, Special Audit, for further action. This issues with the prior approval of the Competent Authority. -Sd- (P. R. KAUSHIK) ASSISTANT COMMISSIONER (HQ), VAT AUDIT No. F/V Audit /Spl. Audit /2012/ 3921-29 Dated:- 06.12.2013 1. PS to Commissioner (T T), Deptt. of Trade Taxes. 2. All Spl. Commissioners, Deptt. of Trade Taxes. 3. All Addl. Commissioners/Joint Commissioners, Deptt. of Trade Taxes. 4. Dy Director (Policy), Deptt. of Trade Taxes. 5. Dy Director (R S), Deptt. of Trade Taxes. 6. President/ Secretary, STBA, 2nd Floor, Vyapar Bhawan, I.P. Estate, New Delhi. 7. All Asst. Comm. cum VATOs/AVATOs, of all Wards of Operations through Zonal In-charge, Deptt. of Trade Taxes. 8. All the CA/CA Firms empanelled for Special Audit under section 58A of the DVAT Act 2004. 9. Programmer (EDP), Deptt. of Trade Taxes with the request to upload the circular on the website of the department. 10. Guard File. -Sd- (P. R. KAUSHIK) ASSISTANT COMMISSIONER (HQ), VAT AUDIT