Verification of records: statutory amendment authorises departmental audits to scrutinise service tax compliance and records. An amendment to the rule-making power under section 94 authorises imposition of duties to furnish information, maintain records and prescribe their verification; invoking that power, the Government inserted rule 5A(2) to permit scrutiny of assessee records by an audit party deputed by the Commissioner. The circular treats statutory 'verification' as encompassing departmental audit to verify self-assessed service tax liabilities, distinguishes an earlier judicial invalidation by reference to the new statutory backing, and directs officers to carry out audits per departmental instructions.
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.
Verification of records: statutory amendment authorises departmental audits to scrutinise service tax compliance and records.
An amendment to the rule-making power under section 94 authorises imposition of duties to furnish information, maintain records and prescribe their verification; invoking that power, the Government inserted rule 5A(2) to permit scrutiny of assessee records by an audit party deputed by the Commissioner. The circular treats statutory "verification" as encompassing departmental audit to verify self-assessed service tax liabilities, distinguishes an earlier judicial invalidation by reference to the new statutory backing, and directs officers to carry out audits per departmental instructions.
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 
