https://www.taxtmi.com/article/detailed?id=5662 Departmental audit is a risk based verification of an assessee's private records to ensure correct payment of excise duty and service tax and compliance with procedures; auditors perform desk reviews, on site inspections and issue audit notes recording observed non compliance that may lead to recovery, while formal demands require a show cause notice and auditors cannot act as assessing officers. Key audit focuses include cenvat credit validation, input-output analysis, capital goods adjustments, job work controls and segregation of exempt activities. Assessees should maintain robust records, implement internal controls, require written audit requests, restrict removal of documents, and record explanations to protect rights during audit. en-us Fri, 13 Jun 2014 09:34:18 +0530 Fri, 13 Jun 2014 09:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5662 Departmental audit is a risk based verification of an assessee's private records to ensure correct payment of excise duty and service tax and compliance with procedures; auditors perform desk reviews, on site inspections and issue audit notes recording observed non compliance that may lead to recovery, while formal demands require a show cause notice and auditors cannot act as assessing officers. Key audit focuses include cenvat credit validation, input-output analysis, capital goods adjustments, job work controls and segregation of exempt activities. Assessees should maintain robust records, implement internal controls, require written audit requests, restrict removal of documents, and record explanations to protect rights during audit. Articles Service Tax Fri, 13 Jun 2014 09:34:18 +0530 https://www.taxtmi.com/article/detailed?id=5662