Advisory to CAs on VAT Audit Report AR1 & Special Audit

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..... AR1 Special Audit The Department of Trade Taxes, Government of NCT of Delhi vide notification dated 11 th February, 2013 under Section 49 of the Delhi Value Added Tax Act, 2004 and Rule 42 A of the VAT Rules, 2005 has made the VAT Audit by Chartered Accountants mandatory for dealers With gross turnover of Rs. 10 Crore and above in 2011-12 or in any of the subsequent financial year .....

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..... the dealers and ensure due revenue to the exchequer. Further, a faithfully drafted AR-l Report and/ or Special Audit Report, as applicable, would help dealers by pre-empting the need for undertaking Departmental Audit or Enforcement proceedings. The Department has high expectation from the CA community and the CAs are advised to carry out the VAT Audit and Special Audit with strict reference .....

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..... SSIONER, VAT No. F.3(384)Policy/VAT/2013/897-906 Dated 14/10/2013 Copy forwarded for information and necessary action to:- 1. PS to Pr. Secretary Finance, Delhi Secretariat, New Delhi - 110002. 2. PS to the Commissioner, VAT, Department of Trade and Taxes, GNCT of Delhi Vyapar Bhawan, I.P. Estate, New Delhi -110002. 3. All. Spl./ Addl./Joint commissioners, Department of Trade an .....

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