Posted on September 24, 2014 By: Team STO
New Power Centre – Audit Commissionerates
Cadre restructuring has been done by Central Board of Excise and Customs (CBEC) which is going to be effective from 15.10.2014. New posts of Principal Chief Commissioner and Principal Commissioner has been created to ensure smooth functioning of the department. Further, separate Audit Commissionerates have also been created so as to ensure close watch on the revenue leakages......View More
Posted on September 17, 2014 By: Team STO,
Service Tax Audit - Wings Clipped
The necessity of audit cannot be undermined in the self-assessment system. To stop the leakage of revenue audit is an important tool in the hands of the Revenue department. In case of Service Tax, as per Rule 5A of Service Tax Rules, 1994 the departmental officer authorised by the Commissioner has access to any premises registered under said rules for the purpose of carrying out any scrutiny, .......