Karnataka
Report No. 7 of 2014 - Compliance and Performance Audit on Revenue Sector of Government of Karnataka
Date on which Report Tabled:
Fri 13 Feb, 2015
Date of sending the report to Government:
Sector
Taxes and Duties
Overview
This Report contains 26 paragraphs including two Performance Audits relating to non/short levy of tax, interest, penalty, revenue foregone, etc. involving Rs.184.18 crore. Some of the major findings are mentioned below:
Total revenue receipts of the State Government for the year 2013-14 amounted to Rs.89,542.53 crore against Rs.78,176.22 crore for the previous year. 74 per cent of this was raised by the State through tax revenue (Rs.62,603.53 crore) and non-tax revenue (Rs.4,031.90 crore). The balance 26 per cent was received from the Government of India as State's share of divisible Union taxes
(Rs.13,808.28 crore) and grants-in-aid (Rs.9,098.82 crore).
A total of 4,114 Inspection Reports issued up to December 2013 containing 8,753 observations involving money value of Rs.1,851.83 crore were pending for settlement at the end of June 2014.
Test check of the records of 439 units of Sales Tax/Value Added Tax, State Excise, Motor Vehicles, Goods and Passengers, and other Departmental offices conducted during the year 2013-14 showed under assessment/ short levy/ loss of revenue aggregating Rs.380.22 crore in 1,425 cases.
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