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input tax

What Is The Turnover Limit For VAT Audit In Karnataka?

January 24, 2024 by Ahmed Ali

What Is The Turnover Limit For VAT Audit In Karnataka? As per the KVAT Act 2003, a dealer is liable for a VAT audit when his turnover exceeds Rupees 1 Crore in a financial year. Is VAT applicable in Karnataka? Schedule / Goods Rate of Tax Products in the Schedule 2 1% Products in Schedule

Categories Finance and Business Tags audit, audits, input tax, statutory audit, tax

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