Dealers having Gross turnover (as per M.P. VAT Act) of Rs. 10 crores or more in the state of Madhya Pradesh are required to get VAT audit done by a chartered accountant and submit the report electronically on or before 15th November or such later date as may be notified, failing which, a penalty of Rs.10,000/- may be imposed on the dealer.
For comfort of our clients and other professional fellows, we have prepared a basic list of requirements to be called from the client for conducting VAT audit which can be downloaded from the link below.
Printable format of VAT audit report and e-template (as downloaded on 15/10/2013 from portal, UPDATE from department expected soon) of the same can also be downloaded from the links given below.