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Service Tax Audit - Again in Delhi High Court - Notice Issued to UOI


Audit - Why required at all - that too by Departmental Officers

Government is fond of audit and going all out to justify this "non-adversial attitude".

EA2000, OSPCA and CAG audit of the assessees under excise, service tax and customs is root cause of major "responsible litigation" of the department with a "HUGE" success rate of 90% in CESTAT.

This audit generates approx. 5 lakh per assessee (all put together), based on the report released by Directorate of Audit for a year gone by.The entire colelction was merely 0.20% of the Indirect Tax Collection.

If the collection is so HUGE for the consolidated fund of India may be equal to the "collection" for "un-consolidated Indian Fund" or may be more.

There is no audit by CAG or Department in case of Income Tax and VAT. Never the assessee is asked to provide records for "verification" as in excise and service tax.

It is high time to review the requirement of audit itself and put some faith in the honest business man of the country and put this entire machinery behind the non-registered/un-taxed community insteadd of changing the laws again and again.

Arbind Aggarwal

Arbind Aggarwal 28/05/2015

 

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