Rectification visits under Section 74 require prior commissioner approval; annual targeted audits apply to telecom, insurance, stock brokers. Visits for rectification of mistake under Section 74 of Finance Act, 1994 may be conducted by the Service Tax Cell with prior approval of the Commissioner (Central Excise) once in every two years; audits of accounts/records for telephones, insurance and stock brokers shall be conducted annually, and stock broker audits must follow prescribed tiered selection and selective document-check norms according to their scale of service tax payments.
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.
Rectification visits under Section 74 require prior commissioner approval; annual targeted audits apply to telecom, insurance, stock brokers.
Visits for rectification of mistake under Section 74 of Finance Act, 1994 may be conducted by the Service Tax Cell with prior approval of the Commissioner (Central Excise) once in every two years; audits of accounts/records for telephones, insurance and stock brokers shall be conducted annually, and stock broker audits must follow prescribed tiered selection and selective document-check norms according to their scale of service tax payments.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
