Return scrutiny: risk based detailed manual review of ST 3 returns to verify taxability, valuation and CENVAT reconciliation. Guidelines establish a two-tier scrutiny regime for ST-3 returns from 01.08.2015: automated preliminary validation in ACES and risk based detailed manual scrutiny of selected returns. Detailed scrutiny verifies correctness of self assessment-taxability, valuation under Section 67, exemptions/abatements, export treatment and CENVAT credit admissibility-using assessment documents (agreements, invoices) and reconciliations with income tax returns and Form 26AS, supported by prescribed checklists, observation sheets, reporting templates and confidentiality of risk data.
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.
Return scrutiny: risk based detailed manual review of ST 3 returns to verify taxability, valuation and CENVAT reconciliation.
Guidelines establish a two-tier scrutiny regime for ST-3 returns from 01.08.2015: automated preliminary validation in ACES and risk based detailed manual scrutiny of selected returns. Detailed scrutiny verifies correctness of self assessment-taxability, valuation under Section 67, exemptions/abatements, export treatment and CENVAT credit admissibility-using assessment documents (agreements, invoices) and reconciliations with income tax returns and Form 26AS, supported by prescribed checklists, observation sheets, reporting templates and confidentiality of risk data.
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