Special audit powers: nomination of an independent accountant to examine records, with report and possible tax recovery action.

Special audit allows an Assistant Commissioner, with Commissioner approval, to direct a registered person to have records audited by a Commissioner nominated chartered accountant or cost accountant when declared value or input tax credit appears incorrect or abnormal; the nominated auditor must submit a signed report within the prescribed period (subject to one extension), the Commissioner pays and finalises audit expenses, the person gets an opportunity to be heard before use of audit material in proceedings, and detection of tax discrepancies may trigger statutory recovery action.

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