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Detailed Manual Scrutiny of Service Tax Returns

Service Tax - By: - Ganeshan Kalyani - Dated:- 17-12-2015 Last Replied Date:- 19-12-2015 - Central Board of Excise and Customs introduced self-assessment of Central Excise duties payable in 1996 and for Service Tax in 2001. With the introduction of self-assessment, the department also provided for a strong compliance verification mechanism through scrutiny of returns/assessments, internal audit and anti-evasion. The procedures for carrying out detailed scrutiny of returns was laid down by the Bo .....

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nline Scrutiny:- The purpose of preliminary scrutiny of returns includes ensuring the completeness of the information furnished in the returns, arithmetic correctness of the amount computed as tax and its timely payment, timely submission of the return and identification of non-filers and stop-filers. On the basis of the validation checks incorporated in ACES by the Directorate General of Systems & Data Management (DGS&DM), preliminary scrutiny of all returns is done online in ACES and t .....

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s, 2006 and the effective rate of tax after taking into account the admissibility of an exemption notification, abatement or exports, if any; ensuring the correct availment/utilization of CENVAT Credit on inputs, capital goods and input services in terms of the CENVAT Credit Rules, 2004, etc. In doing this, the proper officer must rely mainly on assessment-related documents like agreements/contracts and invoices. Detailed financial records should not be called for in a routine manner. Selection .....

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akhs, ₹ 10-25 lakhs and ₹ 25-50 lakhs for the financial year 2014-15. The assesse who have been selected for audit or have been audited recently (in the past three years) should not be taken up for detailed scrutiny. However, the Chief Commissioner may direct detailed manual scrutiny of an assessee s return who has paid service tax (Cash + CENVAT) more than ₹ 50 lakhs in certain specific cases. In no event should an assessee be subjected to both audit and detailed manual scruti .....

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