Karnataka VAT Audit

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sadhiq asked almost 3 years ago

I am going to do Karnataka VAT audit with in 2 days. The concerned company is engaged in Works Contract. Plz provide me the scope and context which i need to study full fledgedly to give a better audit report.

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

a) Officers authorized to conduct audit shall conduct audit as per this manual as modified from time to time and the guidelines issued by Commissioner for conduct of audit from time to time. b) The authorized officer should identify himself and show his authorization to the Dealer and take acknowledgment for the same before commencing the audit. c) The officer should ensure that any information obtained in the course of the audit relating to the Dealer is treated in strict confidence. d) The Officer should ensure that for the period covered by the audit visit, tax has been properly accounted for, declared and discharged under the provisions of the AP VAT Act 2005. e) The officer should ensure that the Dealer is treated in a courteous manner and is provided with the reasonable opportunity to respond to queries raised by the officer.

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Open uri20170510 32134 1c996lj?1494421732 Anil answered almost 3 years ago

Responsibilities of Audit officers: a) Officers authorized to conduct audit shall conduct audit as per this manual as modified from time to time and the guidelines issued by Commissioner for conduct of audit from time to time. b) The authorized officer should identify himself and show his authorization to the Dealer and take acknowledgment for the same before commencing the audit. c) The officer should ensure that any information obtained in the course of the audit relating to the Dealer is treated in strict confidence. d) The Officer should ensure that for the period covered by the audit visit, tax has been properly accounted for, declared and discharged under the provisions of the AP VAT Act 2005. e) The officer should ensure that the Dealer is treated in a courteous manner and is provided with the reasonable opportunity to respond to queries raised by the officer. f) The Dealer should be provided with a full and proper explanation of any under declaration of tax identified. g) Where there is a lack of cooperation, failure to provide information or any unusual circumstances, the officer should exercise the powers of search and seizure vested in him under Section 43 of the APVAT Act 2005 and in accordance with the procedure laid down in the Code of Criminal Procedure 1973.

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