Access to business premises empowers authorised officers to inspect books and electronic records for tax audit and verification purposes. An authorised officer not below Joint Commissioner may inspect a registered person's business premises to examine books, documents, computers and related ... Summary
Access to business premises empowers authorised officers to inspect books and electronic records for tax audit and verification purposes.
An authorised officer not below Joint Commissioner may inspect a registered person's business premises to examine books, documents, computers and related materials for audit and verification, and persons in charge must produce prescribed records including declared books, trial balance, audited financial statements where applicable, cost and income-tax audit reports if available, and other relevant records within the specified time or an extended period allowed by the inspecting authority.
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