Clause wise discussion on form 3CD Clause 31

[Tax Audit Report]

Whether any audit was conducted under the Central Excise Act, 1944, if yes, enclose a copy of the report of such audit.

[Clause 31]

[Tax Audit Report]

The tax auditor should ascertain from the management whether any audit was conducted under the Central Excise Act, 1944 and if such audit was carried out, obtain the report, if available and enclose the copy of the report of such audit.

Even though the tax auditor is not required to make any detailed study of such report, he has to take note of any material observation made in such excise audit report which may have relevance to the tax audit conducted by him.

The tax auditor need not express any opinion in a case where such audit has been ordered but the same has not been carried out.

[Tax Audit Report]

Cases :

where excise audit which might have been ordered is not completed by the time the tax auditor gives his report, he has to state the same in this report.

[Tax Audit Report]

The tax auditor should examine the time period for which the excise audit, if any, has been required to be carried out.

Information is required to be given only in respect of such excise audit report the time period of which falls within the relevant previous year.