Section 66- Special audit of CGST ACT, 2017<\/p>\n
66. (1) If at any stage of scrutiny, inquiry, investigation or any other proceedings
\nbefore him, any officer not below the rank of Assistant Commissioner, having regard to the
\nnature and complexity of the case and the interest of revenue, is of the opinion that the value
\nhas not been correctly declared or the credit availed is not within the normal limits, he may,
\nwith the prior approval of the Commissioner, direct such registered person by a communication
\nin writing to get his records including books of account examined and audited by a chartered
\naccountant or a cost accountant as may be nominated by the Commissioner.
\n(2) The chartered accountant or cost accountant so nominated shall, within the period
\nof ninety days, submit a report of such audit duly signed and certified by him to the said
\nAssistant Commissioner mentioning therein such other particulars as may be specified:
\nProvided that the Assistant Commissioner may, on an application made to him in this
\nbehalf by the registered person or the chartered accountant or cost accountant or for any
\nmaterial and sufficient reason, extend the said period by a further period of ninety days.
\n(3) The provisions of sub-section (1) shall have effect notwithstanding that the
\naccounts of the registered person have been audited under any other provisions of this Act
\nor any other law for the time being in force.<\/p>\n
(4) The registered person shall be given an opportunity of being heard in respect of
\nany material gathered on the basis of special audit under sub-section (1) which is proposed
\nto be used in any proceedings against him under this Act or the rules made thereunder.
\n(5) The expenses of the examination and audit of records under sub-section (1), including
\nthe remuneration of such chartered accountant or cost accountant, shall be determined and
\npaid by the Commissioner and such determination shall be final.
\n(6) Where the special audit conducted under sub-section (1) results in detection of tax
\nnot paid or short paid or erroneously refunded, or input tax credit wrongly availed or utilised,
\nthe proper officer may initiate action under section 73 or section 74.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 66- Special audit of CGST ACT, 2017 66. (1) If at any stage of scrutiny, inquiry, investigation or any other proceedings before him, any officer not below the rank of Assistant Commissioner, having regard to the nature and complexity of the case and the interest of revenue, is of the opinion that the value … Continue reading “Section 66- Special audit of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/259"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=259"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/259\/revisions"}],"predecessor-version":[{"id":260,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/259\/revisions\/260"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}