Audit Reports

18 July 2014

Performance

Report No. 9 of 2014 - Performance Audit on Duty Entitlement Pass Book Scheme Union Government, Department of Revenue - Revenue-Indirect Taxes,Customs

India's exports have picked up in the recent years which rose by 15 per cent (CAGR) against global export growth of 5 per cent, with our share in global exports moving up from around 0.5 per cent in 1992 to 1.4 per cent in 2013. However, imports...

Sector:

Taxes and Duties

Chapter 1 - Introduction

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Report No. 9 of 2014 (Performance Audit) Duty Entitlement Pass Book (DEPB) Scheme Chapter I: Introduction 1.1 Background With a view to continuously increase India's global trade and to use trade expansion as an instrument of economic growth,...

Chapter 2 - Internal control and monitoring

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Report No. 9 of 2014 (Performance Audit) Chapter II: Internal control and monitoring 2.1 DGFT and DOC need to strengthen their internal control procedures and internal audit systems and outcome measurement of the reward and incentive schemes. DoC...

Chapter 3 - Policy implementation issues

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Report No. 9 of 2014 (Performance Audit) Chapter III: Policy implementation issues 3.1 As per paragraph 1.1 of HBP vol 1, DGFT notifies the schedule of DEPB rates. Further, as per paragraph 2.4 of FTP, DGFT may specify procedure to be followed for...

Glossary

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Report No. 9 of 2014 (Performance Audit) Glossary ACC Air Cargo Complex ADD Anti Dumping Duty AIR All Industry Rate ANF Aayaat Niryaat Form AO Abeyance Order ASEAN Association of Southeast Asian Nations BCD Basic Customs Duty BRC Bank Realisation...

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11 February 2014

Performance

Report No. 27 of 2013 - Performance Audit of Rajiv Gandhi Grameen Vidyutikaran Yojana of Union Government, Ministry of Power

Government of India, Ministry of Power (MOP) launched (March 2005) Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) to accelerate the pace of village electrification. MOP subsequently, merged all existing rural electricity programmes of Government...

Sector:

Power & Energy

Chapter 6 - Monitoring and Evaluation

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Chapter 6: Monitoring and evaluation 6.1. X Plan monitoring and evaluation The note to CCEA(February 2005), inter alia, specified that the scheme would be subject to concurrent evaluation and a view on modifications required for implementation...

Chapter 5 - Formulation,Execution and Management of Projects

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Chapter 5: Formulation, execution, and management of projects 5.1. Scope of Projects under RGGVY The proposal for approval of a project by the Monitoring Committee (MC) involved the following steps relating to DPR, which was to be : (i) formulated...

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13 August 2013

Performance

Report No. 9 of 2013 - Performance Audit of Levy and Collection of Services Tax on Import of Services of Union Government, Department of Revenue-Indirect Taxes, Services Tax

The department does not have a mechanism to arrive at a reliable estimate of value of taxable services imported. The department has however, initiated steps (since November 2011) to utilise primary data available with authorised dealers; the process ...

Sector:

Taxes and Duties

Chapter 2 - Adequacy of existing Systems and Procedures

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Report No. 9 of 2013 (Performance Audit) Chapter 2 : Adequacy of existing systems and procedures 2.1 An ideal tax administration system would be one in which all the tax due reaches the Government through voluntary compliance. Tax gap captures the...

Chapter 1 - Introduction

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Report No. 9 of 2013 (Performance Audit) Chapter 1: Introduction 1.1 The essence of indirect (service) taxation is that a service should be taxed in the jurisdiction of its consumption. This principle is more or less universally applied. In terms...

Chapter 3 - Issues Relating to Fulfilment of Tax Liability

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Report No. 9 of 2013 (Performance Audit) Chapter 3: Issues relating to fulfilment of tax liability 3.1 The Finance Act, 1994 requires that where a person or business from a country other than India provides a service specified in clause (105) of...

Abbreviations

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Report No. 9 of 2013 (Performance Audit) Abbreviations ACES Automation of Central Excise and ST AIR Annual Information Return BAS Business Auxiliary Services BPO Business Process Outsourcing BSS Business Support Services CBDT Central Board of...

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13 August 2013

Performance

Report No. 8 of 2013 - Performance Audit of Deemed Export Drawback Scheme and Reimbursement of Central Sales Tax Union Government, Department of Revenue -Indirect Taxes

This report contains results of two performance audits - one on 'Deemed Export Drawback Scheme' and another on 'Reimbursement of Central Sales Tax (CST) to EOU7STP1 2/EHTP3 units'. Both the export promotion measures emanate from the Chapters Eight...

Sector:

Taxes and Duties

Annexures

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Report No. 8 of 2013 (Performance Audit) Annexure A Total duty foregone on various export promotion schemes during FY08 to FY11 Sl. No. Name of the Scheme Duty forgone (Crore?) FY08 FY09 FY10 FY11 Total 1 Advance License 17928.00 17654.00 12389.00...

Executive Summary

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Report No. 8 of 2013 {Performance Audit] Executive Summary 1. This report contains results of two performance audits - one on 'Deemed Export Drawback Scheme' and another on 'Reimbursement of Central Sales Tax (CST) to EOU7STP1 2/EHTP3 units'. Both...

Chapter 2 - Audit Findings and recommendations

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Report No. 8 of 2013 (Performance Audit) Chapter 2: Audit Findings and recommendations Statement of Revenue forgone did not include tax expenditure on refund of CST. There was no separate head of accounts for interest on delayed payments. 2.1 The...

Chapter 2 - Internal Control Procedures and internal Audit System

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Report No. 8 of 2013 (Performance Audit) Chapter 2: Internal Control Procedures and Internal Audit System Internal Control procedures and internal audit system of DoC and DGFT need strengthening. 2.1 DoC and DGFT spend from one budget head on scheme ...

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19 December 2014

Performance

Report No. 32 of 2014 - Performance Audit on Appreciation of Chartered Accountant Reporting in Assessment Proceedings of Union Government, Department of Revenue - Direct Taxes

The Income Tax Act, 1961 (Act) contains several provisions which mandate the assessees to furnish audit reports and certificates issued by the 'Accountant' in the prescribed Form for meeting the specific objectives. Tax audit under Section 44AB...

Sector:

Taxes and Duties

Introduction

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Report No. 32 of 2014 (Performance Audit) Chapter I: Introduction 1.1 Introduction The Income Tax Act, 1961 (Act) contains several provisions1 which mandate the assessees to furnish audit reports and certificates issued by the 'Accountant' in the...

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12 December 2014

Performance

Report No. 30 of 2014 - Performance Audit of Employees’ State Insurance Corporation of Union Government, Ministry of Labour and Employment

The Government of India has been enacting a number of legislations in the area of social security. Employees State Insurance Act, 1948 is an important Act in this regard. The Act provides certain benefits to employees in case of sickness, maternity...

Sector:

Social Welfare

Chapter 5 - Infrastructure Development

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Report No. 30 of 2014 Chapter - 5: Infrastructure Development One of the objectives of the Performance Audit was to see whether infrastructure development and construction of medical colleges and hospitals, etc. was efficient, economic and...

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18 February 2014

Performance

Report No. 32 of 2013 - Performance Audit of Employees' Provident Fund Organisation of Union Government (Civil), Autonomous Bodies, Ministry of Labour and Employment

The Government of India has enacted a number of legislations in the area of social security. Employees Provident Funds and Miscellaneous Provisions Act, 1952 is an important Act in this regard. The Act provides for compulsory provident fund, pension ...

Sector:

Social Welfare

Chapter-III: Coverage and Enrolment

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Report No. 32 of 2013 /-\ Chapter-III: Coverage and Enrolment --- 3.1 Coverage of establishments The EPF Act is applicable to every establishment, which is engaged in any one or more of activities specified in Schedule-1 of the Act or any activity...

Chapter-V: Maintenance of Subscribers' Accounts

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Report No. 32 of 2013 r \ Chapter-V: Maintenance of Subscribers9 Accounts V_) 5.1 Maintenance of Accounts The Manual of Accounting Procedure provides for system of accounts prescribed under the EPF Scheme for maintenance of establishments and...

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18 July 2014

Performance

Report No. 7 of 2014 - Performance Audit on Assessment of Firms Union Government, Department of Revenue - Direct Taxes

Partnership Firms (Firms) along with Association of Persons (AOPs) and Body of Individuals (BOIs) constitute one of the major businesses apart from the corporate sector in India. Firms are governed by India Partnership Act, 1932. The Income Tax Act, ...

Sector:

Taxes and Duties

Chapter 1 - Introduction

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Report No. 7 of 2014 (Performance Audit) Chapter I: Introduction 1.1 Introduction Partnership Firm is one of the forms of business organization and a common vehicle for carrying on business activities in India. Apart from the corporate sector,...

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23 August 2013

Performance

Report No. 18 of 2013 - Performance Audit of Preservation and Conservation of Monuments and Antiquities of Union Government, Ministry of Culture

Constitution of India stipulates that it shall be the duty of every citizen of India to value and preserve the rich heritage of composite culture. We thus, have a special responsibility for preservation of our heritage as one of our fundamental...

Sector:

Art, Culture and Sports

Chapter 1 - Introduction

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Report No. 18 of 2013 CHAPTER -1 Introduction Our heritage is an indispensable part of our identity. World over, heritage conservation is viewed as a subject of utmost importance for national identity and Chapter - I: Introduction also for...

Chapter 4 - Preservation and Conservation Works

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Report No. 18 of 2013 CHAPTER - IV Preservation and Conservation Works Preservation27 and Conservation28 of ancient Monuments is a multi-disciplinary Chapter - IV : Preservation and activity which requires support of researchers, technicians,...

Chapter 2 - Identification and Protection of Monuments and their documentation

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Report No. 18 of 2013 CHAPTER - II Identification and Protection of Monuments and their documentation For appropriate protection and conservation of monuments and sites, the first step was their identification. The AMASR Act, 1958 authorised the...

Chapter 8 - Manpower Management

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Report No. 18 of 2013 CHAPTER-VIII Manpower Management Adequately trained, experienced and sufficient manpower is a pre requisite for the functioning of any agency involved in Heritage Conservation. We found that the organisations engaged in...

Executive Summary and Recommendations

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Report No. 18 of 2013 Executive Summary Constitution of India stipulates that it shall be the duty of every citizen of India to A value and preserve the rich heritage of composite culture. We thus, have a special responsibility for preservation of...

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18 February 2014

Performance

Report No. 28 of 2013 - Performance Audit on Administration of Penalty and Prosecution of Union Government, Department of Revenue - Direct Taxes

The Income Tax Act, 1961 (Act) proposes imposition of penalty on an assessee, if the Assessing Officer (AO)/Commissioner of Income Tax-Appeals/Commissioner of Income Tax (CIT) is satisfied that there has been non-compliance with or violation of law...

Sector:

Taxes and Duties

Executive Summary

_{(PDF 3.22 MB)}

Report No. 28 of 2013 (Performance Audit) Executive Summary • The Income Tax Act, 1961 (Act) proposes imposition of penalty on an assessee, if the Assessing Officer (AO)/Commissioner of Income Tax- Appeals/Commissioner of Income Tax (CIT) is...

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