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Govind S Inani (Proprietor)     27 April 2010

Vat Audit under GVAT Act

An assessee commenced his manufacturing unit in F.Y. 2008-09.  

In F.Y. 2008-09 his sales came to Rs 30 lakhs and purchase came to Rs 25 lakhs. But he purchased machinery of Rs 78 lakhs in this year.

Whether this assessee comes under the umbrella of vat audit as per Gujarat Vat Act?



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