It was not Budget alone
CENTRAL Excise and Service Tax Audit norms to be followed by the Audit Commissionerates - Circular No. 995/02/2015-CX., Dated: February 27, 2015
CBEC has issued norms and guidelines for audit by the many Audit Commissionerates created recently. Some years ago, Board had purchased several copies of a software called idea for assisting in Audit. Any idea what happened to that?
Recovery of arrears in installments and amendment of Garnishee Notice - Circular No. 996/3/2015-CX., Dated: February 28, 2015
Board clarifies that recovery officers do have powers to add, amend, vary or rescind any Garnishee Notice issued. However, the interest of revenue has to be suitably safeguarded.
It has been decided by the Board to allow recovery of arrears of taxes, interest and penalty in installments. The power to allow such payment in monthly installments shall be discretionary and shall be exercised by the Commissioners for granting sanction to pay arrears in installments upto a maximum of 24monthly installments and by the Chief Commissioners for granting sanction to pay arrears in monthly installments greater than 24 and upto a maximum of 36monthly installments.
Simplification of Registration Procedures in Central Excise and Service Tax - Circular No. 997/4/2015-CX., Dated: February 28, 2015 and ORDER NO 01/2015-SERVICE TAX, Dated: February 28, 2015
Under the new simplified procedure, once duly completed application form is received online on ACES, registration would be granted within two working days and issued online without any examination of the documents and verification of documents or premises before the grant of registration, thus initiating trust based registration. Simultaneously, assessee would be enabled to electronically pay duty. Further, the assessee would not need a signed copy of Registration Certificate as proof of registration. Registration Certificate downloaded online from ACES system would be accepted as proof of registration. Verification of the documents and premises shall be carried out post facto.
Withdrawal of prosecution filed in a court - Circular No. 998/5/2015-CX., Dated: February 28, 2015
CBEC directs that where on identical allegation a noticee has been exonerated in the quasi-judicial proceedings and such order has attained finality, Chief Commissioner shall give direction to the Central Excise Officer in the concerned Commissionerate to file an application through Public Prosecutor requesting the Court to allow withdrawal of the Prosecution in accordance with law. This direction is applicable for Central Excise, Customs and Service Tax.