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of <h1>Special Audit Under Section 66 of CGST Act: When Incorrect Value or Excessive Credit is Suspected</h1> A special audit under Section 66 of the CGST Act can be conducted when an officer, not below the rank of Assistant Commissioner, suspects incorrect value declaration or excessive credit availing during scrutiny or investigation. The Commissioner must approve and appoint a chartered or cost accountant for the audit. The audit report is due within 90 days, extendable by another 90 days. The Commissioner bears the audit expenses. This audit supplements any other statutory audits. The registered person is entitled to a hearing before any adverse findings are used against them. Actions based on audit findings may involve tax recovery with applicable interest and penalties.
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