Questions regarding mvat

Discussion in 'Mahavat' started by kanchan, Feb 27, 2014.

  1. kanchan

    kanchan Member

    I have the following questions regarding MVAT:

    1) Has the due date for 6 monthly/quarterly/monthly returns for the period ended 31/03/2012 been extended?
    2) Is Form J1/J2 compulsory for Non-Audit based MVAT assessees for the year ended 31/03/2012?
    3) It is proposed the Income Tax Audit limit be raised from Rs.60 lacs to Rs.1 Crore? But what about VAT Audit Limit? Will it still be 60 lacs for the FY 12-13?

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