Special audit: authorised officers can require independent account examination, potentially triggering tax recovery proceedings and penalties. A special audit allows an Assistant Commissioner to direct a registered person to have accounts audited by a Commissioner nominated chartered or cost accountant when declared value or input tax credit appear incorrect; the nominated accountant must submit a signed report within a prescribed period (with limited extension), the Commissioner pays and finalises audit expenses, the person is entitled to be heard before audit material is used against them, and detection of tax discrepancies may trigger recovery proceedings under the Act.
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: authorised officers can require independent account examination, potentially triggering tax recovery proceedings and penalties.
A special audit allows an Assistant Commissioner to direct a registered person to have accounts audited by a Commissioner nominated chartered or cost accountant when declared value or input tax credit appear incorrect; the nominated accountant must submit a signed report within a prescribed period (with limited extension), the Commissioner pays and finalises audit expenses, the person is entitled to be heard before audit material is used against them, and detection of tax discrepancies may trigger recovery proceedings under the Act.
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