Audit notice requires production of books and cooperation; may prompt reassessment and enforcement under VAT law. The Commissioner may serve an audit notice requiring attendance and production of books, invoices and other evidence, and the person must provide ... Summary
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Audit notice requires production of books and cooperation; may prompt reassessment and enforcement under VAT law.
The Commissioner may serve an audit notice requiring attendance and production of books, invoices and other evidence, and the person must provide cooperation and assistance at business premises. The Commissioner, after considering returns and audit information, may confirm an assessment or issue a notice of assessment or reassessment for tax, interest and penalty; such assessment does not preclude prosecution for offences under the Act.
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