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Audit by deptt.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2011 What does an auditor check in the departmental audit of service tax? can he check the audit report of income tax also.

We have all the receipts tallying with our bank statements. But income tax records are showing some other receipts also.

Preety Parik

Preety Parik (Expert)
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14 August 2011 The audit done by the service tax department is to ensure the accuracy of credit claimed and Output service tax liabiltiy. Normally they chek the following records:-
1. Bills of service
2. Input Service bills which are claimed for credit
3. Monthly payment challans and ST returns

The audit officers also check Balance sheet and the audit report. If are there are other receipts which are not subject to service tax, the same shall be enquired by them but u have to only explain the same.

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