https://www.taxtmi.com/news?id=1494 Frequency norms set audit schedules for service tax assessees by payment bands: highest band subject to mandatory audit annually (preferably via CAAP), mid bands on biennial and five year cycles, and a 2% annual sample of the smallest band. Non mandatory audits are selected through risk assessment using a quantitative risk parameter, with avoidance of duplication between audits and detailed ST 3 return scrutiny. Existing instructions continue until the Service Tax Audit Manual, 2010 is published. en-us Tue, 08 Feb 2011 16:03:54 +0530 Tue, 08 Feb 2011 16:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1494 Frequency norms set audit schedules for service tax assessees by payment bands: highest band subject to mandatory audit annually (preferably via CAAP), mid bands on biennial and five year cycles, and a 2% annual sample of the smallest band. Non mandatory audits are selected through risk assessment using a quantitative risk parameter, with avoidance of duplication between audits and detailed ST 3 return scrutiny. Existing instructions continue until the Service Tax Audit Manual, 2010 is published. News - Tue, 08 Feb 2011 16:03:54 +0530 https://www.taxtmi.com/news?id=1494