Audit of dealers under DVAT Act prioritises latest year; high-turnover accounts receive audit of the preceding year first. Audit under Section 58 of the DVAT Act requires ward officers to carry out risk-profile based audits, initiating with Financial Year 2012-13 for shortlisted dealers; dealers exceeding the statutory turnover threshold in 2012-13 must file Form AR-I and shall be audited for 2011-12 first. Subsequent audits of the other years require prior Zonal Incharge approval and are conditional on discovery of significant deficiencies in the initial audit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit of dealers under DVAT Act prioritises latest year; high-turnover accounts receive audit of the preceding year first.
Audit under Section 58 of the DVAT Act requires ward officers to carry out risk-profile based audits, initiating with Financial Year 2012-13 for shortlisted dealers; dealers exceeding the statutory turnover threshold in 2012-13 must file Form AR-I and shall be audited for 2011-12 first. Subsequent audits of the other years require prior Zonal Incharge approval and are conditional on discovery of significant deficiencies in the initial audit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
