Audit by tax authorities: procedural framework requires notice, access to records, time-limited completion and possible reassessment action. The Commissioner or an authorised officer may audit a registered person in prescribed manner and place, following notice of not less than fifteen working days. The audit must be completed within three months of commencement, subject to a recorded extension by the Commissioner for not more than six further months; commencement is when requested records are made available or the audit actually starts, whichever is later. Officers may inspect books, require information and assistance; on conclusion the proper officer must inform the registered person of findings and reasons, and may initiate action where tax is found unpaid or input credit wrongly availed.
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.
Audit by tax authorities: procedural framework requires notice, access to records, time-limited completion and possible reassessment action.
The Commissioner or an authorised officer may audit a registered person in prescribed manner and place, following notice of not less than fifteen working days. The audit must be completed within three months of commencement, subject to a recorded extension by the Commissioner for not more than six further months; commencement is when requested records are made available or the audit actually starts, whichever is later. Officers may inspect books, require information and assistance; on conclusion the proper officer must inform the registered person of findings and reasons, and may initiate action where tax is found unpaid or input credit wrongly availed.
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