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of <h1>New Guidelines for Service Tax Audits: Frequency Based on Annual Payments by Central Board of Excise & Customs.</h1> The Ministry of Finance's Central Board of Excise & Customs issued guidelines for auditing service tax assessees based on their annual tax payments. Taxpayers with service tax payments of Rs. 3 crore or more annually are subject to mandatory audits every year, preferably using Computer Assisted Audit Program techniques. Those paying between Rs. 1 crore and Rs. 3 crore are audited biennially, while those with payments between Rs. 25 lakhs and Rs. 1 crore are audited every five years. For taxpayers with payments up to Rs. 25 lakhs, 2% are audited annually. Non-mandatory audits are selected based on risk assessment, avoiding duplication with detailed scrutiny of returns.
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