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of <h1>Delhi Mandates VAT Audits for Dealers with Rs. 10 Crore+ Turnover; Submit AR1 by Nov 15, 2013.</h1> The Department of Trade & Taxes, Government of Delhi mandates VAT audits by Chartered Accountants for dealers with a gross turnover of Rs. 10 Crore and above, effective from the financial year 2012-13. The VAT Audit Report AR1 must be submitted by November 15, 2013. Additionally, selected dealers will undergo Special Audits based on risk profiling. The Department emphasizes the importance of adherence to legal provisions and quality standards in audits to enhance tax compliance and revenue collection. The performance of CAs will be reviewed annually, and non-compliance may lead to disciplinary action by the Institute of Chartered Accountants of India.
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