https://www.taxtmi.com/article/detailed?id=5642 Service tax audit requires examination of accounting systems, returns and records to verify valuation and reporting of taxable services, including evaluation of internal controls, scrutiny of high-value and cross-border transactions, and consideration of services from foreign branches. Core audit work includes preparing reconciliations that reconcile turnover per books to taxable turnover, service tax on overseas payments and reverse-charge items, and ensuring Cenvat credit balances in returns match current asset figures in the balance sheet. Auditors should obtain registration, trial balance, audited statements, ledgers, returns, bank statements and details of disputes and valuations. en-us Thu, 29 May 2014 10:11:15 +0530 Thu, 29 May 2014 10:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5642 Service tax audit requires examination of accounting systems, returns and records to verify valuation and reporting of taxable services, including evaluation of internal controls, scrutiny of high-value and cross-border transactions, and consideration of services from foreign branches. Core audit work includes preparing reconciliations that reconcile turnover per books to taxable turnover, service tax on overseas payments and reverse-charge items, and ensuring Cenvat credit balances in returns match current asset figures in the balance sheet. Auditors should obtain registration, trial balance, audited statements, ledgers, returns, bank statements and details of disputes and valuations. Articles Service Tax Thu, 29 May 2014 10:11:15 +0530 https://www.taxtmi.com/article/detailed?id=5642