TaxTMI 
TaxTMI 
Audit of Service Tax assesses/records
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....t a comprehensive Service Tax Audit Manual on the lines of the manual issued for Central Excise Audit Till then, the following guidelines are prescribed for immediately initiating audit of selected service tax assessees . 4. Only those assesses will be taken up for audit who are registered in the Metropolitan cities of New Delhi, Mumbai, Chennai and Kolkata and whose names are given in Annexure - I. 5. In respect of Stock broking, Telephones and non-life Insurance, audit will continue to be done as per norms indicated in Board's Circular of 21.11.96 and selection of assessees by the Commissioners. In respect of these three services the Audit will, obviously, not be confined to metropolitan cities only. 6. The Audit of assesses listed in Annexure-I should be confined to the accounts for the years 1999-2000 onwards only. In respect of services which have been brought under the tax net in July, 2001, the Audit period will be July 2001 till the date of Audit. The Audit of each selected assessee should be completed in not more than 10 working days. 7. The audit would be conducted as per proforma Annexure- II (enclosed). This proforma is based on the EA-2000 Audit being carried out o....
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....msa Shipping Agency Pvt. Ltd. Kolkata.1 7 Inter Ocean Shipping India (P) Ltd. Delhi.1 8 Seal Air Freighter India (P) Ltd Delhi-I 6 Air Travel Agent 1 Friends Global Travel Mumbai-IV 2 Padmaja Mumbai-II 3 Bharat Travel Service (P) Ltd. Chennai-1 4 Euro Link International Tours & Travels Chennai-I 5 Laxmi Narayan Air Travelers( P) Ltd. Kolkata-1 6 Thomas Cook (India ) Ltd Kolkata-III 7 Pearl International Tour & Travels (P) Ltd. Delhi.1 8 American Express Delhi -I 7 Man Power Recruitment Agency 1 Considia H.R. Services Mumabi-1 2 Tristar Consultants Mumbai-IV 3 Ma Foi Management Consultant Ltd. Chennai-II 4 ABC Consultants Chennai-II 5 V.K. Dhawan Consultants Kolkata-1 6 Surana Equits(P) Ltd. Kolkata-1 7 Oman Consultants Delhi - I 8 Leading Age Market Pvt Ltd Delhi- I 8 Tour Operator 1 Mercury Car Rental Ltd. Mumbai-I 2 Kesari Group Mumbai-IV 3 GRT Tours & Travels Chennai-II 4 Diana World Travel P Ltd. Chennai-II 5 Kundu Special Kolkata.1 6 Banerjee Special Kolkata-1 7 Ashoka Travels & Tours Delhi.1 8 KTC India (P) Ltd Delhi -I 9 Credit rating 1 Lira Ltd. Mumbai-1V Agency 2 The Credit Rating ....
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....----------------------------------------------------------------------------------------- OFFICE OF THE COMMISSIONER OF CUSTOMS & CENTRAL EXCISE, INTERNAL AUDIT BRANCH, ---------------- F.No. ---------------- Dated --- February, 2002 To, Assistant Commissioner, Customs & Central Excise, -------- Sub: - Audit Report drawn in respect of Taxpayer - M/s ABC for the period: ----------------------. Enclosed please find Audit Report drawn in respect of Taxpayer - M/s ABC for the period: ----------. In this connection, you are requested to please take immediate suitable action to safeguard government revenue under intimation to the audit. Enclosure - --------- (XYZ) ASSISTANT COMMISSIONER (AUDIT) Copy to - * The Deputy Commissioner (Prev), Central Excise Hqrs, --------for information. * The Superintendent, Central Excise Range ---- * The Audit Report Master file (XYZ) ASSISTANT COMMISSIONER (AUDIT) Index SR. NO. ITEMS PAGE NO. 1. Summary of audit reports 1 2. Summary of audit results 3. Detailed Audit Para (Annexure - 'A') 4. Enclosures (Annexure - 'B') 5. Working Papers (Annexure - 'w/p - 'A' to '—') PART-1 SUMMARY OF AUDIT REPORTS 1. Name & ....
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....viewed and Title: [Name of the persons who have been interviewed and their statements in brief] B). Organisational Information: [Identify the head Office/ registered office or regional/ branch offices of the taxpayer, location of its operations and location of its accounting records. Also the offices who are billing services] C). Organisational Type and Ownership: [Confirm organisation, whether proprietorship, partnership or a Pvt Ltd or Ltd company] D).Organisation Chart: [Obtain the organisation chart or describe the organisation structure if chart is unavailable. Note responsibilities of key personnel and any recent changes, particularly in personnel involved in tax accounting.] 2.2 Financial and Tax Accounting Information: A). Business Records: [Obtain audited financial statements, trial balance and chart of accounts. In case of audited statements, note name of the chartered accountants and review any notes to the financial statements.] B). Consolidated Internal Financial Statements: [If unit is a division of a company, check if internal financial statements are prepared for the unit being audited before consolidation with other related units. Obtain a copy of last ....
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....ries & other adjustments etc.). Trace a sample of transactions, of all types from source documents through to the service tax account. Amend systems descriptions to match findings in the walkthrough.] E). Walkthrough - service Tax Return: [Perform a walkthrough of the process of compiling a tax return for one quarter/ six months, tracing from tax return amounts through to their sources. Amend systems descriptions to match findings in the walkthrough.] F). Postings to the General Ledger: [Test postings from the books of original entry, i.e. Service and other journals, to the General Ledger. Verify that taxes are correctly recorded.] G). TAXES in GL: [Verify mathematical accuracy of taxes by performing test adds on the GL and Journals. Note that even if the records are computerised, the test add should be done to detect programming "bugs".] I). High Value Transactions in GL and in Journals: [Review GL, General Journal and journals for high value transactions related to Taxes. Consider tracing these to the source documents.] 4.2 Service / Revenue System: A). providing Services: [Review key controls that prevent or detect the providing of services that are not invoiced. (Can....
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....A VERIFICATION COMMENTS ALLOTTED TO SHRI (INSP.) (i) (ii) (iii) (iv) (v) (vi) 1. Registration - (i) whether registration done as per Board's Circular No 35/3/2001 CX dt 27.8.2001; (ii) since it is not transferable, whether the registration is in the name of the person who actually engaged in the providing of services 2. (i) Whether the tax is paid in the designated bank under proper TR-6 challan and the Tax-return is filed in time; (ii) whether amended return being filed after notfn no 10/2001 -ST dt 9.10.2001; (iii) if the tax is paid after due date whether the interest at the proper rate is paid or not; (vi) and whether taxpayer has claimed any abatement from tax on account of amount not collected from the clients. 3. (i) In case of provisional assessment whether the taxpayer has applied for it giving cogent reasons; (ii) whether the AC/DC has given his express approval for it; (iii) whether a statement in the form of ST-3A giving details of service tax deposited or liable is filed along with tax return; and (iv) whether assessment in the process of finalisation t. 4. Tax paid amount - (i) whether the tax paid is proper under the law i.e. on gross amount....