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Advisory to CAs on VAT Audit Report AR1 & Special Audit.
October, 30th 2013

                                 DEPARTMENT OF TRADE & TAXES
                      VYAPAR BHAWAN,         I.P. ESTATE, NEW DELHI-ll0002

      No.   t:.:3 Cd 8 It) J fdf,JI v-Pt, J 20J3   J   ~~~-~0-6                Dated:   r 4-   Ix 18
                                     CIRCULAR NQ,.<, of 2013-14

      Subject: Advisory to CAs on VAT Audit Report AR1 & Special Audit

              The Dep.artment of Trade & Taxes, Government of NCT of Delhi vide notification
      dated 11th February, 2013 under Section 49 of the Delhi Value Added Tax Act, 2004 and Rule
      42 A of the VAT Rules, 2005 has made the VAT Audit by Chartered Accountants mandatory
      for dealers With gross turnover of ~ 10 Crore and above in 2011-12 or in any of the
      subsequent financial year. The Department has prescribed a comprehensive VAT Audit
      Report AR1 for this purpose. This provision is being implemented for the first time in the
      Net of Delhi and is applicable for the financial year ?012-13 and the report has to be
      submitted by the dealers on or before 15th November, 2013.

             Further, the Department has selected several dealers based on risk profiling through
      the departmental system for conducting Special Audit under Section 58A of the OVAl Act.

               The Government has reposed faith on the CA community and we are sure if the
      Audit/Special audit is faithfullv executed according to the provisions of DVAT Act, Rules,
      notifications, advance rulings, determination orders and circulars of the Department, the
      same will help in improvlng tax compliance on the part of the dealers and ensure due
      revenue to the exchequer. Further, a faithfully drafted AR-l Report and/ or Special Audit
      Report, as applicable, would help dealers by pre-empting        the need for undertaking
      Departmental Audit or Enforcement proceedings.

              The Department has high expectation from the CA community and the CAs are
      advised to carry out the VAT Audit and Special Audit with strict reference to the relevant
      legal provisions, and complete the work timely. The panel for Special Audit will be reviewed
      each year based on the quality and the timeliness of the reports. This will ensure that in
      future too the Government can continue reliance on CAs for the purpose of VAT Audit and
      Special Audit. The findings of VAl Audit / Special Audit would be subject to peer review
      and comparison with system based risk profiling of the Department would be undertaken.
      Adherence to quality standards by CAs while conducting VAT Audit / Special Audit would
      help us avoid any reference to the d,sc.iplinary committee of the lnstltute of Chartered
      Accountants of India where the report is found wanting in material particulars or where
      there is deliberate suppression of facts.
                                                                           Dated:   (It,   ~1rg

COpy forwarded for information         and necessary action to:-

     ~. PSto ProSecretarv Finance, Delhi Secretariat, New Delhi - 110002.
     2. PS to the Commissioner, VAT, Department of Trade and Taxes, GNCT of Delhi Vyapar
         Bhawan, J.P. Estate, New Delhi -110002.
     3. All. Spl./ Addl./Joint comm~ssioner~ Department of Trade and Taxes, GNCT of Delhi
         Vyapar Bhawan, LP. Estate; New Delhi - 110002.
     4. Dy. Director (Policy), Department of Trade and Taxes, GNCT of Delhi Vyapar Bhawan,
         LP. Estate, New Delhi - 110002.
     5. AU A.C. (VATs)!AVATOs Department of Trade and Taxes, GNCT of Delhi Vyapar
      /hawan,       LP. Estate, New Delhi -110002.
~.       Programmer (fOP), Department of Trade and Taxes, GNCT of Delhi Vyapar Bhawan,
   \     ,.P. Estate, New Delhi -110002.
     7. The President/General Secretary, Sales Tax Bar Association (Regd.), Vvapar Bhawan,
         l.P, Estate, New Delhi - 110002.
   8.   The President, The Institute    of Chartered Accountant    of India, ICAI Bhawan, lnderprastha
        Marg, New Delhi- 110002.
   9. Guard File.

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