As per the new service tax circular no. 120/01/2010, if the service tax refund is inexcess of Rs. 5 lakhs then declaration should be certified by the statutary auditors/or the tax auditors of the company.
In that event, companies who have international firms or like as their statutary auditors will have to bear an additional certification fees burden for this service.
Is this certification of declartion from statutary auditors/tax auditors is manadatory.
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