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of <h1>Revised Audit Frequency: Central Excise & Service Tax Units Now Audited Based on Payment Thresholds & Risk Parameters.</h1> The circular outlines revised audit frequency thresholds for Central Excise and Service Tax assessees. For Central Excise, units with annual duty payments over Rs. 3 crore will be audited yearly, those between Rs. 1 crore and Rs. 3 crores biennially, Rs. 50 lakhs to Rs. 1 crore every five years, and below Rs. 50 lakhs, 10% annually. Export Oriented Units (EOUs) will be audited based on input value. For Service Tax, taxpayers paying over Rs. 50 lakhs are audited yearly, Rs. 25 to Rs. 50 lakhs biennially, Rs. 10 to Rs. 25 lakhs every five years, and below Rs. 10 lakhs, 2% annually. These changes aim for focused audits based on risk parameters.
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