SELF ASSESSMENT UNDER VAT , VAT + CST

[VENKATANARAYANAN SRINIVASAN]

WHETHER ALL THE  DEALERS REGISTERED UNDER VAT ACT ARE TO GET THEIR ACCOUNTS VERIFIED BY THE COMMERCIAL TAX OFFICER, EVEN THOUGH ACT DOES NOT STIPULATES?

Posts / Replies

[Rama Krishana]

There are two concepts one is audit and second is scrutiny of records. I think, VATO is empowered to verify the records and accounts for making assessment where the assessment is based on records.