Audit by tax authorities: notice, prescribed timelines, access to records and power to initiate recovery actions. Authorises tax authorities to audit registered persons by general or specific order, at the place of business or in office, with prescribed period, frequency and manner. Registered persons must receive at least fifteen working days' notice. Audits must be completed within three months of commencement, subject to a recorded written extension. 'Commencement of audit' means records made available or institution of audit, whichever is later. Authorised officers may verify books, require information and assistance. On conclusion, the proper officer must notify the audited person of findings, reasons, and rights; detection of tax discrepancies enables initiation of recovery or adjudication action.
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Provisions expressly mentioned in the judgment/order text.
Audit by tax authorities: notice, prescribed timelines, access to records and power to initiate recovery actions.
Authorises tax authorities to audit registered persons by general or specific order, at the place of business or in office, with prescribed period, frequency and manner. Registered persons must receive at least fifteen working days' notice. Audits must be completed within three months of commencement, subject to a recorded written extension. "Commencement of audit" means records made available or institution of audit, whichever is later. Authorised officers may verify books, require information and assistance. On conclusion, the proper officer must notify the audited person of findings, reasons, and rights; detection of tax discrepancies enables initiation of recovery or adjudication action.
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