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    <title>Legal Provisions of Audit by Tax Authorities</title>
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    <description>Power to audit vests in the Commissioner or authorised officers who, after at least fifteen working days&#039; notice, may audit a registered person at business premises or office. Audits, generally for a financial year or part thereof, must be completed within prescribed timeframes and examine turnover, exemptions, tax rates, input tax credit and refunds; findings are communicated in prescribed forms and may lead to determination of tax and initiation of proceedings under sections 73 or 74 where tax is unpaid, short paid, erroneously refunded or input tax credit wrongly availed or utilised.</description>
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