https://www.taxtmi.com/acts?id=30055 Special audit allows an Assistant Commissioner, with Commissioner approval, to direct a registered person to have records audited by a Commissioner nominated chartered accountant or cost accountant when declared value or input tax credit appears incorrect or abnormal; the nominated auditor must submit a signed report within the prescribed period (subject to one extension), the Commissioner pays and finalises audit expenses, the person gets an opportunity to be heard before use of audit material in proceedings, and detection of tax discrepancies may trigger statutory recovery action. en-us Sat, 08 Jul 2017 12:18:10 +0530 Sat, 29 Jul 2017 17:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30055 Special audit allows an Assistant Commissioner, with Commissioner approval, to direct a registered person to have records audited by a Commissioner nominated chartered accountant or cost accountant when declared value or input tax credit appears incorrect or abnormal; the nominated auditor must submit a signed report within the prescribed period (subject to one extension), the Commissioner pays and finalises audit expenses, the person gets an opportunity to be heard before use of audit material in proceedings, and detection of tax discrepancies may trigger statutory recovery action. Act-Rules GST - States Sat, 08 Jul 2017 12:18:10 +0530 https://www.taxtmi.com/acts?id=30055