This Tax Alert which provides an update on the integrated Central Excise and Service Tax Audit Manual, 2015 (CESTAM 2015).
The purpose of the CESTAM 2015 is to outline the principles and policies of audits conducted under Central Excise and Service tax.
Audit Commissionerates have started functioning with powers to conduct integrated audits subsequent to the implementation of cadre- restructuring in October 2014. Accordingly, having two separate manuals will defeat the concept of such integrated audits and hence both the Central Excise and Service tax manuals have been merged.
The annexures containing lengthy information to be filled in by assessees have been discontinued by replacing the old annexures with new ones.
The modified process contained in the manual will go a long way in providing fair, transparent and hassle free audits for tax payers if implemented in the right spirit and aligned to the objective of efficient tax administration. It will also facilitate effective compliances and reduce litigation.
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