AUDIT OF DEALERS

Circular No: Vat Audit/2013-14/2967-2974

Date: 25^th July 2013

The officers of Wards (Zones I-X) have been assigned the work of conducting audit of the business affairs of dealers u/s 58 of DVAT Act, 2004 for the years 2009-10 to 2012-13 based on the risk profile of the dealers. In this regard, attention is drawn towards this office Circular No.V AT AUDITIHQ/2013-14/2406-2413 dated 02.07.2013 & 2601-2608 dated 09.07.2013.

In this regard, it is further clarified that in the first instance, the concerned authorities shall undertake audit for the FY 2012-13, of all the dealers who have been shortlisted on the basis of risk profile. 'However, since the dealers whose turnover exceeded Rs.10 Cr during the year 2012-13 will be required to file audit report in Form AR-l upto 15/11/2013, the audit of such dealers for the FY 2011-12 only shall be undertaken first.

It is further clarified that audit for the balance three Financial Years shall be undertaken with prior approval of the concerned Zonal Incharge, only in the cases where significant deficiencies are noticed during the audit of the FY 2011-12 or 2012-13, whichever year is taken up for audit of the dealers first.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- +91-9873082769 

Website: www.caaga.co.in