CBEC has issued guidelines for detailed manual scrutiny of service tax returns in respect of such assessees whose total tax paid (Cash + Cenvat) for the FY 2014-15 is below Rs. 50 Lakhs. Each Commissionerate has to select equal number of assessees for carrying out returns scrutiny from three tax paid bands viz: Rs. 0 to Rs. 10 lakhs, Rs 10-25 lakhs and Rs 25- 50 lakhs for the FY 2014-15. Detailed formats for reconciliation of data and report has also been provided in the 24 page circular. Thus, it now becomes imperative for all the assessees no matter what is the volume of tax paid to ensure proper returns are filed that is matched with accounts and reconciliations thereof also prepared.

For the copy of the circular please CLICK HERE .