Special audit authority to require independent audit where tax value or credit appears incorrect; adverse findings trigger recovery. An Assistant Commissioner, with Commissioner approval, may direct a registered person to obtain an examination and audit of records by a Commissioner nominated chartered or cost accountant where declared value or input tax credit appears incorrect or abnormal; the nominated auditor must submit a signed report within ninety days (extendable for good cause). The registered person has a right to be heard before special audit material is used against them, the Commissioner determines and pays audit expenses, and adverse audit findings may trigger initiation of recovery or assessment 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 authority to require independent audit where tax value or credit appears incorrect; adverse findings trigger recovery.
An Assistant Commissioner, with Commissioner approval, may direct a registered person to obtain an examination and audit of records by a Commissioner nominated chartered or cost accountant where declared value or input tax credit appears incorrect or abnormal; the nominated auditor must submit a signed report within ninety days (extendable for good cause). The registered person has a right to be heard before special audit material is used against them, the Commissioner determines and pays audit expenses, and adverse audit findings may trigger initiation of recovery or assessment proceedings.
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