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Financial
Tamil Nadu

Report of 2009 - Financial Audit on Revenue of Government of Tamilnadu

Date on which Report Tabled:
Date of sending the report to Government
Government Type
State
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Overview

The report contains 27 paragraphs including four reviews relating to non/short levy of taxes, interest, penalty, etc. involving Rs. 337.40 crore. The revenue raised by the State dunng 2008-09 was Rs. 55,042.51 crore, comprising Rs. 33,684.37 crore as tax revenue and Rs. 5.712.33 crore as non-tax revenue. Rs. 8,510.80 crore was received from the Government of India as State's share of divisible Union taxes and Rs. 7.135.01 crore as grants-in-aid. The revenue raised by the State Government in 2008-09 was 72 per cent of the total revenue receipts as compared to 69 per cent in 2007-08. Sales tax (Rs. 20,674.70 crore) formed a major portion (61 per cent) of the tax revenue of the State. Interest receipts, dividends and profits (Rs. 1,501.09 crore) accounted for 26 per cent of the non-tax revenue.

At the end of 2008-09, arrears in respect of taxes administered by the departments of Commercial Taxes, Revenue, Home. etc., amounted to Rs. 10,204.58 crore; of which sales tax alone accounted for Rs. 9,871.35 crore. As at the end of June 2009. 7.213 inspection reports containing 24.693 audit observations involving Rs. 3.417.03 crore were outstanding in various departments.

Test check of the records relating to sales tax. state excise, land revenue, urban land tax, taxes on vehicles and other departmental offices conducted during the year 2008-09 revealed underassessments, short levy, loss of revenue and other observations amounting to Rs. 1,459.26 crore in 2,752 cases. Review on "Transition from Sales Tax to Value Added Tax" revealed as under: Failure to formulate a time bound action plan for attaining finality in respect of matters relating to the erstwhile TNGST Act resulted in huge pendency of assessments, non-collection of arrears and non-implementation of taxation proposals.

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