Audit Reports

paid, the licence granted may be cancelled and any amount payable to the Government may be rec overed from the defaulters by sale of their movable property or as arrears of land revenue. Audit of records of the ACE and the SsE revealed that 238 IMFL retail licencees failed to renew their.........

2 Taxes on immovable property other than agricultural land, Luxury tax and Entertainment tax. Chapter : I - General 3 1.1.3 The details of non-tax revenue ra ised during the period 2012-13 to 2016-17 are indicated in Table - 1.3. Table - 1.3 Details of Non-Tax Revenue raised (` in crore).........

During the course of and finali sation of RR proceedings by Revenue Officers, while approach ing the consumers for attachment of movable or immovable properties, disputes arose between Revenue Officers and consume rs as the payments were already made by the consumers through the cash counters..........

by Government of India in May 2007 through a notification, stipulates that ST is to be levied from 01 June 2007 on taxable services like renting of immovable property or any other service in relation to such renting for use in the course of or for furtherance of business or commerce. If the.........

1. 4.1. 8 Release of additional stamp duty As per Section 205 of KPR Act, 1993, the duty on transfer of immovable property shall be levied in the form of a surcharge at the rate of three per cent of the duty imposed by the Karnataka Stamp Act, 1957 , on instruments of sale, gift, mortgage,.........

Act, 2002 and in exercise of the powers conferred under Section 13 read with Rule 9(6) of the Security Interest (Enforcement) Rules, 2002, the immovable property secured from borrowers in favour of secured creditor/institution towards financial facility shall be put to auction to recover.........

42,074 34,235 -7,839 -18.63 State Excise 4,543 5,581 1,038 22.85 Taxes on immovable property other than agricultural lands 78 123 45 57.69 Taxes on vehicles 2,900 3,394 494 17.03 Sta mps and Registration fees 4,292 3,822 -470 -10.95 Taxes on goods and Passengers 10 11 1 10 Land Revenue 16 7 -9.........

In such cases, though the CT Department had the authority for attachment of the movable and immovable properties of the units as stipulated, this was not resorted to. The conditions of the agreements with loanee units were not invoked by Department for recovery of the long pend ing deferred tax..........

Renting of immovable property was brought under ser vice tax net with effect from 1 June 2007 35. The term ‘renting of immovable property’ include s renting, leasing or other similar arrangements of immovable property fo r use in the course or furtherance of business or commerce 36..........

The composition of non -tax revenue is detailed in Table 1.7: 6Other Taxes include Taxes on Immovable Property other than Agricultural L and, Taxes and Duties on Electricity and Agricultural Income Audit Report on State Finances for the year ended March 2017  Page | 8    Table 1.7:.........