VAT AUDIT FOR ANNUAL RETURN FILING UNDER TAMILNADU VAT

[Guest]

WIsh to know whether it is a mandaotry one to undergo Audit for Tamilnadu VAT return filing for 100% EOUs also since they are covered under zero rated supplies only. Those who have knowledge on this may please clarify.

AI Summary

Tamil Nadu mandates VAT audits for EOUs with turnover over 1 crore, including zero-rated sales, per Form WW. A discussion on a forum addressed whether it is mandatory for 100% Export Oriented Units (EOUs) to undergo VAT audit for Tamil Nadu VAT return filing, given their zero-rated supplies. The Tamil Nadu government requires every registered dealer under the Tamil Nadu VAT Act, 2003, with a turnover exceeding 1 crore from April 1, 2017, to June 30, 2017, to file manual audited statements in Form WW. This requirement also applies to dealers of specific goods like petroleum and alcohol. It was confirmed that even zero-rate sales must comply, as clarified in a government letter.