08 April 2013
Normally the ST audits are conducted based on the total revenues, total credits if large. The dept chooses whom to audit also based on whether the payments are delayed, returns not filed in time etc. An audit which covers the compliance's and availment of beneft is is also quite value additive where the ST payments are substantial.
08 April 2013
Thank you sir But what that limit of above 3 crores - every year 1-3 crores - once in 2 yr b/w 25 lakh to 1 crore - once in 5 year below 25 lakh - 2% of the service provider says?
CAclubindia
