Audit Reports

05 May 2015

Compliance

Report No. 4 of 2015 - Compliance Audit on Indirect Taxes - Services Tax Union Government, Department of Revenue

– relative contribution 3 1.6 Growth of Service Tax - trends and composition 4 1.7 Service Tax from major service categories 4 1.8 Tax base 5 1.9 Budgeting issues in Service Tax 6 1.10 Service Tax forgone under Finance Act, 1994 6 1.11 Trade facilitation 7 1.12 Arrears of Service Tax 7 1.13............

Sector:

Taxes and Duties

Chapter 7 - Effectiveness of internal Controls

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Report No. 4 of 2015 (Indirect Taxes - Service Tax) Chapter VII Effectiveness of internal controls 7.1 Introduction Internal control is an integral process that is effected by an entity's management and personnel and is designed to address risks...

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20 March 2015

Compliance

Report No. 3 of 2015 - Compliance Audit on Direct Taxes Union Government, Department of Revenue

Resources of the Union Government 1 ii. Nature of Direct Taxes 1-2 iii. Functions and responsibilities of the CBDT 2 iv. Budgeting of Direct Taxation 2-3 v. Growth of Direct Taxes 3-6 vi. Revenue Foregone 6-7 vii. Widening and deepening of tax base 7-9 viii. Disposal of Scrutiny assessments 9 ix.............

Sector:

Taxes and Duties

Chapter 2 - Audit Mandate,Products and Impact

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Report No. 3 of 2015 (Direct Taxes) Chapter II: Audit Mandate, Products and Impact 2.1 Authority of the C&AG for audit of receipts Article 149 of the Constitution of India provides that the Comptroller and Auditor General of India shall exercise...

Abbreviations

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Report No. 3 of 2015 (Direct Taxes) Abbreviations ACIT Assistant Commissioner of Income Tax Act Income Tax Act, 1961 AIR Annual Information Return AO Assessing Officer AY Assessment Year CBDT Central Board of Direct Taxes CCIT Chief Commissioner of ...

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05 May 2015

Compliance

Report No. 2 of 2015 - Compliance Audit on General Purpose Financial Reports of Central Public Sector Enterprises of Union Government, Commercial

Audit observed that MCA could not notify the date of implementation of Ind AS as per its notified road-map. [Para 4.1.1] In pursuance of the Budget Statement of the Finance Minister in February 2014, MCA after consultations with various stakeholders and regulators, issued a press note on 2............

Sector:

Finance

Appendices

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APPENDICES Report No. 2 of 2015 APPENDIX-I (As referred to in Para No.1.1.3) List of new/ceased government companies/ deemed government companies Sl. No. Name of the company New Government Companies 1 Angul Sukinda Railway Limited 2 Ballabgarh-GN...

Chapter 1 - Financial Performance of Central Public Sector Enterprices

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2 of 2015 ?> During the year 2013-14, the Government of India realised 15,819* crore against a budgeted receipt of? 40,000 crore on disinvestment. Out of? 15,819 crore an amount of? 12,819 crore were from sale of a part of its equity shares in respect of following CPSEs and 3000 crore from............

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13 August 2013

Financial

Report No. 1 of 2013 - Financial Audit of Civil on Accounts of Union Government

This Report discusses the comments of the Comptroller and Auditor General of India on the accounts of the Union Government and analyses the finances of the Union Government for the year 2011-12. It also contains an analysis of the Appropriation...

Sector:

Finance

Annexures

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Grant No. and Controlling Budget Percentage No Ministry/Department Allocation Savings of Budget (fin crore) Allocation Civil Revenue - Voted 1. 1-Department of Agriculture & Co-operation 17450.74 745.54 4 2. 3-Department of Animal Husbandry, 2021.25 373.79 18 Dairying and Fisheries 3. 4-............

Chapter 3 - Appropriation Accounts-2011-12

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explanation, irregular and injudicious re-appropriations, supplementary provisions obtained without requirement by some Ministries, unreabstic budgeting and detailed observations in respect of the Ministries selected for in-depth 74 Appropriation Accounts: 2011-12 examination. For facility............

Chapter 3 - Appropriation Accounts-2011-12

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year 2011-12 revealed that the Demand for Grants for the concerned grant, while indicating gross expenditure provision of ?11,640.19 crore at the Budget Estimates, has sought for purposes of the Appropriation Bill an amount of ?795.88 crore only by netting of provisions of recoveries. Through............

Chapter 4 - Appropriation Accounts : Comments on Accounts

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5.2 Budget and expenditure The overall position of budget provisions which is entirely of capital nature, actual disbursements and savings during the last three years is detailed below: Table 5.1: Year-wise budget and expenditure _(f in crore) Budget Provision Actual Disbursement (-)Savings/............

Preface

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Preface This Report for the year ended March 2012 has been prepared for submission to the President under Article 151 of the Constitution. The Report includes matters arising from test audit of the Finance Accounts and the Appropriation Accounts of ...

Chapter 1 - An Overview of Union Finances-2011-12

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statements of receipts into and payments from the Consolidated Fund, Contingency Fund and Public Account, while the Appropriation Accounts depict the budget provision, expenditure and the resultant excess/savings under each grant/appropriation. Box 1.1: Union Government funds and the Public............

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06 August 2010

Performance

Report No. 15 of 2009 - Performance Audit Natural or cultured pearls,precious stones,precious metal,coins Union Government, Department of Indirect Taxes-Customs

In the New Annual Suppl ement to FTP (2004-2009), duty free import of machinery, precious metals and gems was allowed. In the Union Budget for the year 2007-08, import duty on cut and polished diamonds was abolished, import duty on un-worked co rals and rough synthetic stones was reduced and............

Sector:

Taxes and Duties

Chapter 2 - Findings on rules, regulations, and systems

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Report No. 15 of2009-10 (Indirect Taxes - Customs) HAPTERII FINDINGS ON RULES, REGULATIONS AND SYSTEMS 2.1 In this chapter we have included audit findings and recommendations on system issues viz. inadequacies in the Acts/rules/notifications issued ...

Chapter 4 - Implementation of the export promotion schemes

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Report No. 15 of2009-10 (Indirect Taxes - Customs) CHAPTER IV IMPLEMENTATION OF THE EXPORT PR MOTION SCHEMES Since the Government is foregoing substantial amounts of duty under the export promotion schemes, it has to ensure that various conditions...

Glossary

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Report No. 15 of2009-10 (Indirect Taxes - Customs) Glossary of Terms and Abbreviations Expanded form Abbreviated form Air Cargo Complex ACC Annual Performance Report APR Bank Realisation Certificate BRC Bill of Entry BE Central Board of Excise and...

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18 December 2009

Performance

Report No. 6 of 2009 - Performace Audit of Land and Development Office of Union Government, Ministry of Urban Development

The Land and Development Office (L&DO), which is an attached office of the Ministry of Urban Development (Ministry), is responsible for the administration of the properties of the Government of India (Gol) in Delhi. The L&DO reportedly...

Sector:

General Sector Ministries and Constitutional Bodies

Chapter 7 - Allotment and Land Management

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Report No. 6 of2009-10 7.1.1 Allotments upto September 2004 The Ministry had set up a one man Committee of Inquiry (Yogesh Chandra Committee) in September 2004 to examine cases of allotment by L&DO between 1998-99 and September 2004 to social,...

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09 March 2010

Performance

Report No. 3 of 2009 - Performace Audit of Functioning of Major Port Trust in India of Union Government, Ministry of Shipping

It was noticed that the tendered cost during 2007-08 was exorbitant due to the high estimated cost of Rs. 40 crore which was based on budgetary offers from various dredging firms. As this was not a new work, the port should have worked out the estimated cost, taking into consideration the............

Sector:

Transport & Infrastructure

Chapter 3 - Handling Operations

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At Mormugao, temporary partitions were being used to segregate cargo. In Mumbai, the port had an annual budget of over Rs one crore whereas at Visakhapatnam, less than Rs 15 lakh per annum was incurred during the last three years for maintenance of the storage areas. 3.6.3 Storage policy and............

Highlights and Summary of Recommendations

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HIGHLIGHTS AND SUMMARY OF RECOMMENDATIONS Marine Operations • Lack of navigable depth was the biggest challenge faced by major ports in India as reported drafts did not provide adequate assurance to visiting vessels. As the issue was not...

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21 June 2013

Compliance Performance

Andhra Pradesh

Report No. 2 of 2013 - Performance and Compliance Audit on Public sector of Government of Andhra Pradesh

Overview … vii-xiv Chapter I OVERVIEW OF STATE PUBLIC SECTOR UNDERTAKINGS Introduction 1.1 1 Audit Mandate 1.2 1-2 Investment in State PSUs 1.3 2-4 Budgetary outgo, grants/ subsidies, guarantees, loans and outstanding dues from Government of Andhra Pradesh 1.4 4-6 Reconciliation with Finance............

Sector:

Industry and Commerce

Chapter 3 - Thematic Audit

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Chapter III 3. Thematic Audit Land Allotments by Andhra Pradesh Industrial Infrastructure Corporation Limited Executive Summary Alienation/ acquisition and allotment of land to private parties is a major activity undertaken by the Andhra Pradesh...

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21 June 2013

Performance

Andhra Pradesh

Report No. 1 of 2013 - Performance Audit on Revenue sector of Government of Andhra Pradesh

audi t plan is prepared on the basis of risk analysis which inter-alia includes critical issues in government revenues and tax administration i.e., budget speech , white paper on state finances, reports of the finance commission (state and central), recommendations of the taxation reforms............

Sector:

Taxes and Duties

Chapter 2 - Sales TAX/VAT

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same period is exhibited in the following table and graphs: Table 2.1 - Trend of receipts (^ in crore) Variation Percentage Total tax Percentage of Budget Actual actual VAT Year excess (+)/ of receipts receipts of the vis-a-vis estimates receipts shortfall (-) variation State total tax receipts............

Chapter 5 - Stamp Duty and Registration Fees

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Table 5.1: Receipts from Stamp Duty and Registration Fees ( in crorc) Year Budge! Actual Variation Percentage Total tax Percentage estimates receipts excess (+)/ of receipts of actual shortfall (-) variation of the receipts vis- State a-vis total tax receipts 2007-08 3,750.00 3,086.06 (-)............

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Financial

Andhra Pradesh

Report of 2010 - Financial Audit on State Finance of Government of Andhra Pradesh

Andhra Pradesh Government enacted Fiscal Responsibility and Budget Management (FRBM) Act in October 2005 as recommended by the Twelfth Finance Commission (TFC). It sets out a reform agenda through fiscal correction path in the medium term with...

Sector:

Finance

Chapter 2 - Financial Management and Budgetary Control

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Chapter 2 Financial Management and Budgetary Control 2.1 Introduction The Appropriation Accounts are accounts of the expenditure, voted and charged, of the Government for each............

Appendices

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116.00 121.00 125.00 130.00 135.00 transfer 2 Increase in debtors during the year in power utility accounts [increase (-)] 3 Interest payment on off- budget borrowings and SPV borrowings made by PSU/SPUs outside budget 4 Total (1 to 3) 0.00 57.00 116.00 121.00 125.00 130.00 135.00 5 Consolidated............

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Andhra Pradesh

Andhra Pradesh