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Compliance Performance
Punjab

Audit Report (Revenue), Punjab For the Year 2008-09

Date on which Report Tabled:
Mon 15 Mar, 2010
Date of sending the report to Government
Government Type
State
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Sector Taxes and Duties

Overview

This report contains 50 paragraphs including two reviews relating to non/short levy of taxes, duties, interest and penalty etc., involving Rs. 218.15 crore. The total receipts of the State Government for the year 2008-09 were Rs. 20,712.79 crore. Revenue raised by Government during the year was Rs. 16,934.10 crore, comprising tax revenue of Rs. 11,150.19 crore and non-tax revenue of Rs. 5.783.91 crore. The State Government also received Rs. 2,084.01 crore as State's share of divisible Union taxes and Rs. 1,694.68 crore as grants in aid from Government of India.

Tax revenue in the year 2008-09 showed an increase of 13 per cent over 2007-08. Sales tax receipts of Rs. 6,435.63 crore amounted to 58 per cent of the tax revenue collected during the year 2008-09. There was increase of 10 per cent in non-tax revenue during the year 2008-09 over 2007-08. Arrears of revenue at the end of the year 2008-09, as reported by some of the departments were Rs. 1,357.06 crore. Of this. Rs. 860.10 crore was recoverable from various dealers on account of sales tax/VAT.

4.494 inspection reports issued upto December 2008 containing 9.227 audit observations with money value of Rs. 3.223.30 crore were outstanding for want of final replies from the departments as on 30 June 2009. Test check of records of the taxes on sales, trade etc., taxes on vehicles, state excise, stamp duty and registration fees, land revenue and other departmental receipts conducted during year 2008-09 revealed under assessments, short/non-levy, loss of revenue etc. amounting to Rs. 295.59 crore in 2.021 cases. The departments accepted under assessment of Rs. 5.46 crore in 562 cases pointed out in 2008-09 and earlier years and recovered Rs. 2.46 crore.

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