Simplified Procedure for Audit Objections Raised in Indirect Taxes

With an objective to simplify the procedure to deal with audit objections raised in indirect taxes by the office of by CAG, Central Board of Excise and Customs (CBEC) has issued a circular (Circular No. is 1023/11/2016 CX dated 08/04/2016) for dealing with audit objections raised in indirect taxes by the office of CAG. The Circular has revoked circulars and instructions of the past and has a new simplified guideline with consolidated procedure.

Observing the way that revenue and audit have agreementto huge extent of the audit complaints, the updated Circular gives that demand notice, in instances of agreement on audit protest, ought to be issued and chose speedily. Be that as it may, where revenue does not concur with the complaints, no demand notification would be issued. In this manner, where it is redundant, an assessee would not be taken through the case cycle.

The Circular additionally highlights that arbitrating power is a semi legal power and is relied upon to choose the case freely and judiciously. General coordination meeting amongst Revenue and CAG officers has additionally been recommended for quicker determination of issues.

These amended rules have been issued with an end goal to make the bindirect tax organization assessee amicable and non-antagonistic by conveying the audit complaints to conclusion in a quick and more pleasant way.

Keyword: Indirect Taxes,indirect taxes in India,indirect taxes audit disputes, indirect taxes dispute procedure,Indirect taxes circulars