https://www.taxtmi.com/article/detailed?id=11951 The VAT Audit Form 704 requires organised disclosure of taxpayer identity and audited year, detailed turnover classification (taxable, export, exempt, composition), reconciliation of input tax credit claims against supporting documents, confirmation of filing standards including returns and payments, and reconciliation of tax obligations including output tax, input credits, composition liabilities and penalties. The Form must be submitted within the prescribed timeframe and is intended to produce verifiable audit trails to facilitate auditor verification and improve VAT compliance and administration. en-us Fri, 13 Oct 2023 10:22:57 +0530 Sat, 04 Nov 2023 22:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11951 The VAT Audit Form 704 requires organised disclosure of taxpayer identity and audited year, detailed turnover classification (taxable, export, exempt, composition), reconciliation of input tax credit claims against supporting documents, confirmation of filing standards including returns and payments, and reconciliation of tax obligations including output tax, input credits, composition liabilities and penalties. The Form must be submitted within the prescribed timeframe and is intended to produce verifiable audit trails to facilitate auditor verification and improve VAT compliance and administration. Articles Corporate Laws / IBC / SEBI Fri, 13 Oct 2023 10:22:57 +0530 https://www.taxtmi.com/article/detailed?id=11951