CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018
Section 16 - Amendment of section 35
Amendment to Section 35: Exemption from Audit Requirements
A new proviso is being added to sub-section (5) of Section 35 of the principal Act. This amendment states that the audit requirements outlined in this sub-section will not apply to certain government departments. Specifically, it exempts departments of the Central Government, State Governments, or local authorities whose accounts are already audited by the Comptroller and Auditor-General of India or by an auditor appointed under any current law for auditing local authorities' accounts. Essentially, if a government department's accounts are subject to these audits, they are not required to undergo additional audits as per the sub-section in question.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 35.
16. In section 35 of the principal Act, in sub-section (5), the following proviso shall be inserted, namely:—
“Provided that nothing contained in this sub-section shall apply to any department of the Central Government or a State Government or a local authority, whose books of account are subject to audit by the Comptroller and Auditor-General of India or an auditor appointed for auditing the accounts of local authorities under any law for the time being in force.”.
