Power of Central Excise / Service Tax department to conduct Audit under EA-2000 Scheme – From the outcome of the decision, It may be seen as a professional opportunity by the Chartered Accountants or Cost Accountants but there is no respite to the assessee from Audit.

Power of Central Excise / Service Tax department to conduct Audit under EA-2000 Scheme – From the outcome of the decision, It may be seen as a professional opportunity by the Chartered Accountants or Cost Accountants but there is no respite to the assessee from Audit. https://www.taxtmi.com/article/detailed?id=5457 The High Court upheld that assessees must, on demand, furnish records, trial balance and any income tax audit report to an authorised officer or audit party; material for audit may be collected by an authorised officer or the appointed auditor, but the audit must be performed by a qualified Chartered Accountant or Cost Accountant, the final audit report is submitted to the Commissioner and provided to the assessee, and the Commissioner must record reasons before directing a special audit. en-us Thu, 30 Jan 2014 17:00:21 +0530 Fri, 31 Jan 2014 11:59:29 +0530 TaxTMI RSS Generator Power of Central Excise / Service Tax department to conduct Audit under EA-2000 Scheme – From the outcome of the decision, It may be seen as a professional opportunity by the Chartered Accountants or Cost Accountants but there is no respite to the assessee from Audit. https://www.taxtmi.com/article/detailed?id=5457 The High Court upheld that assessees must, on demand, furnish records, trial balance and any income tax audit report to an authorised officer or audit party; material for audit may be collected by an authorised officer or the appointed auditor, but the audit must be performed by a qualified Chartered Accountant or Cost Accountant, the final audit report is submitted to the Commissioner and provided to the assessee, and the Commissioner must record reasons before directing a special audit. Articles Service Tax Thu, 30 Jan 2014 17:00:21 +0530 https://www.taxtmi.com/article/detailed?id=5457