Amendment status not verified — confirm the current text below against the official source.
"(1') (2) (3) ,' (4) 80 CHAPTER XIII AUDIT The Commissioner or any oflicer authorisedby him, bywayofagengaloraspeaficorder mayundertake audit of anyregistered person for such period. at such frequencyandinsuchmannerasmaybeprescribed. The ofliCcrs referred to insub-section (1) may conduct audit at theplace ofbusiness ofthe registered persoii'or in their office. Theregistcredpersonshaflbeinfomedhywayofanofice not less than fifteen working days prior to the conduct of ~ auditinsuchmannerasmaybeprescribed. ' “The audit under sub-section (1) shall be completed within a period of three months from the date of continencernent ofthe audit: Provrded that where the Commissioneris satisfied that audit in respectof such registered person cannot be completed within three months, he may, for the remns to be recorded in writing, extendthe period by a further period not exceeding six months. Expldndfiom— For the purposes of this sub-section, the expression j “commencement ofaudit” shall mean the date on which the records and other documents, called for by the tax authorities, are made available by the registered person or the actual institution of audit at theplace ofbusiness whichever'15 later. (5) (6) (7) During the courseof audit, the authorised officer may require the registered-person;- (i) to afi'ord him the necessary facility to verify the books of account or other documents as he may require; (ii) to furnish such information as he may require and render assistance for timely completion of the audit. 0n conclusion of audit, the proper oficer shall, within thirty days, inform the registered person, whose records are audited, about the findings, his rights and obligations and the reasons for such findings. Where the audit conducted under sub-section (1) results in detection oftax not paid or short paid or erroneously refunded, or input tax credit wrongly availed or utilised, the proper oflicer may initiate action under section 73 or section 74. ‘ Audit by tax mini-id 81