FORM VAT 240
[See rule 34(3)]
AUDITED STATEMENT OF ACCOUNTS UNDER SECTION
31(4) OF THE KVAT ACT, 2003
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CERTIFICATE
Certified that I / we being a Chartered Accountant / Cost Accountant / Tax Practitioner have audited the accounts of .............. (Name and address of the dealer) having registration No. (TIN) ........... for the year ending ............ and that subject to my / our observations and comments about non-compliance, short comings and deficiencies in the returns filed by the dealer, as given in the attached report,
(1) the books of account and other related records and registers maintained by the dealer are sufficient for the verification of the correctness and completeness of the returns filed for the year;
(2) the total turnover of sales declared in the returns include all the sales effected during the year;
(3) the total turnover of purchases declared in the returns include all the purchases made during the year;
(4) the adjustment to turnover of sales and purchases is based on the entries made in the books of account maintained for the year;
(5) the deductions from the total turnover including deduction on account of sales returns claimed in the returns are in conformity with the provisions of the law;
(6) the classification of goods sold, rate of tax applicable and computation of output tax and net tax payable as shown in the return is correct;
(7) the computation of classification of goods purchased, the amount of input tax paid and deductions of input tax credit claimed in the return is correct and in conformity with the provisions of law;
(8) the utilization of statutory forms under the KVAT Act ,2003 and the CST Act,1956 is for valid purposes; and
(9) other information given in the returns is correct and complete.
Summary of the additional tax liability or additional refund due to the dealer on audit for the year are as follows:-
(in Rs.)
Enclosures:
(1) Copies of Profit and Loss account and Balance Sheet
(2) Audit Report in Parts 1, 2 and 3
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PART-1
GENERAL INFORMATION
(ii)If partnership firm, name of all the partners
(ii)Full address of all additional places of business outside the State
PART .. 2
PARTICULARS OF TURNOVERS, DEDUCTIONS AND PAYMENT OF TAX
Imports :
Inter-state purchase :
Inter-state stock transfer :
Purchases from registered dealers
within the State :
Purchases from un-registered dealers
Note: Trading account in respect of each class of goods and manufacturing account in respect of each class of goods (whether taxable or not) along with accounting ratios on sales and other non-sale transactions has to be furnished separately. Wherever the Profit and Loss Account and Balance Sheet contain the details of transactions made outside the State, then the details relating to transactions within the State shall be suitably computed and declared separately.
PART .. 3
PARTICULARS OF DECLARATIONS AND CERTIFICATES
Opening Stock
Forms obtained during the year from CTD
Forms utilized during the year
Loss, if any
Closing Balance
(ii)Details of any misuse of forms
The above audit report enclosed to my / our certificate is true and correct.