Respondent Can't Begin Audit Abruptly After Inaction, But Can Start Assessment u/ss 73 & 74.

Respondent Can't Begin Audit Abruptly After Inaction, But Can Start Assessment u/ss 73 & 74. https://www.taxtmi.com/highlights?id=71645 Jurisdiction to conduct audit - When a Section provides for periodical audit, the respondent having failed to conduct audit for all these years, suddenly cannot wake up and conduct an audit. However, this will not preclude the respondent from initiating assessment proceedings for the said concern under Sections 73 and 74. - HC en-us Thu, 24 Aug 2023 18:41:33 +0530 Thu, 24 Aug 2023 18:41:33 +0530 TaxTMI RSS Generator Respondent Can't Begin Audit Abruptly After Inaction, But Can Start Assessment u/ss 73 & 74. https://www.taxtmi.com/highlights?id=71645 Jurisdiction to conduct audit - When a Section provides for periodical audit, the respondent having failed to conduct audit for all these years, suddenly cannot wake up and conduct an audit. However, this will not preclude the respondent from initiating assessment proceedings for the said concern under Sections 73 and 74. - HC Highlights GST Thu, 24 Aug 2023 18:41:33 +0530 https://www.taxtmi.com/highlights?id=71645