The Classic Partners LLP
VAT Annual Audit
Audit and reconciliation under state VAT laws, including legacy periods and sectors such as liquor and petroleum that remain outside GST. We help you close VAT assessments cleanly.
Discuss Your VAT AuditWhat is a VAT Annual Audit?
A VAT annual audit is the examination and reconciliation of sales, purchases, and tax under the applicable state Value Added Tax law, culminating in the prescribed VAT audit report.
While GST has replaced VAT for most goods, VAT still applies to certain items such as petroleum products and liquor, and legacy VAT assessments continue. We handle the audit, reconciliation, and assessment support.
Who Needs VAT Audit?
- Dealers in petroleum products and liquor still under VAT.
- Businesses with pending legacy VAT assessments.
- Entities reconciling pre-GST VAT records.
- Companies facing VAT audit or assessment notices.
Our VAT Audit Services
VAT Audit Report
Preparation of the prescribed state VAT audit report.
Sales & Purchase Reconciliation
Matching turnover and input tax.
Set-Off Review
Verifying input tax credit and set-off claims.
Assessment Support
Representation during VAT assessments.
Legacy Compliance
Closing pending pre-GST VAT matters.
Refund Assistance
Support with eligible VAT refunds.
Why Choose The Classic Partners
- Qualified Chartered Accountants with hands-on audit and assurance experience.
- End-to-end support — from documentation and verification to final reporting.
- Timely delivery so you meet statutory and lender deadlines without stress.
- Transparent fees and a single dedicated point of contact.
Frequently Asked Questions
Is VAT still applicable after GST?
Yes, in limited cases. VAT continues to apply to certain goods such as petroleum products and alcoholic liquor, and legacy VAT assessments for pre-GST periods are still being completed.
Who needs a VAT audit?
Dealers above the turnover limits set by the relevant state VAT law, and those still dealing in VAT-covered goods, may be required to obtain a VAT audit report.
What does a VAT audit cover?
It covers the reconciliation of sales and purchases, output VAT, input tax credit and set-off, and compliance with the state VAT provisions.
Can you handle pending VAT assessments?
Yes. We assist with reconciliations, documentation, and representation to close legacy VAT assessments and notices.
Do you help with VAT on liquor and petroleum?
Yes. We support businesses in these sectors that remain under VAT with audit, reconciliation, and assessment matters.
Need a VAT Annual Audit?
Close your VAT audits and assessments cleanly with experienced professionals.
Contact Us