Special audit requirement under GST mandates Commissioner nominated account examination, report submission, and potential tax recovery actions. A registered person may be directed to have records examined by a Commissioner nominated chartered or cost accountant where an Assistant Commissioner suspects incorrect declared value or abnormal credit; the nominated accountant must submit a signed audit report within the prescribed period subject to one extension. The taxpayer has a right to be heard before material from the special audit is used against them. The Commissioner determines and pays audit expenses and remuneration, and detection of unpaid tax, short payment, erroneous refund or wrongly availed input tax credit may lead to initiation of recovery or determination proceedings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Special audit requirement under GST mandates Commissioner nominated account examination, report submission, and potential tax recovery actions.
A registered person may be directed to have records examined by a Commissioner nominated chartered or cost accountant where an Assistant Commissioner suspects incorrect declared value or abnormal credit; the nominated accountant must submit a signed audit report within the prescribed period subject to one extension. The taxpayer has a right to be heard before material from the special audit is used against them. The Commissioner determines and pays audit expenses and remuneration, and detection of unpaid tax, short payment, erroneous refund or wrongly availed input tax credit may lead to initiation of recovery or determination proceedings.
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