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of <h1>Section 72A of Finance Act, 2012: Special Audits for Service Tax Suspicions and Complex Operations Across Locations.</h1> Section 72A of the Finance Act, 2012 introduces a provision for special audits concerning service tax. If the Commissioner of Central Excise suspects that a person liable for service tax has not correctly declared the value of taxable services, improperly availed credit, or has complex operations across multiple locations, they may require an audit by a nominated chartered or cost accountant. The audit findings must be reported to the Commissioner. This section applies even if the accounts have been audited under other laws. The taxpayer is entitled to a hearing regarding the audit findings used in proceedings.
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