Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
« General »
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert
 While filing tax in India, NRIs do not have to report overseas assets

GST: Audit commissioners to get adjudication powers
October, 08th 2016

 

For the first time, audit commissioners will be given powers to adjudicate cases under GST structure for which Central Board of Excise and Customs has issued orders recently.

The powers to adjudicate confiscation, penalty imposed on tax defaulters in cases involving sum of more than Rs 1.50 crore will rest with audit commissioners. The cases involving a sum below Rs 1.50 crore will be adjudicated by assistant commissioners.

“This implies that commissioners (audit) will be judge of their own actions which is against natural justice,” a department official said wishing anonymity.

Till now, audit commissioners raise objections, recommend penalty against businessmen who don’t pay full taxes. Under the new system, they will decide the appeals of businessmen against whom they had raised objection with regard to tax payment. “This will create crisis of confidence in parties (businessmen) as they will not expect a fair judgment while filing appeals,” official added.

Under the new system, audit commissioners will also adjudicate the show cause notices which are issued for “demanding duty short paid or non paid or erroneously refunded under Section 11A of Central Excise Act, 1944,” the official said.

The government’s move to grant adjudication powers to audit commissioners is aimed to expedite GST structure by reducing backlog of appeals pending with department’s other commissioners.

However, none from outside the government has objected to this move as GST is a new subject even for department officials who are awaiting centre’s directives on many issues under new tax structure, sources said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions