Audit Reports

Assessment, Levy and Collection of VAT from contractors/developers 2.4 28-38 Under-assessment of tax due to allowing concessiona l tax on invalid forms ‘C’ 2.5 38 Under-assessment of tax due to assessment on less turnover 2.6 41 Under-assessment of tax due to allowing benefit aga inst............

Based on the risk assessment, the frequency and extent of audit are decided and an Annual Audit Plan is formulated. After completion of audit , an Inspection Report containing audit findings is issued to the head of the office with the request to furnish replies within four weeks . Whenever............

of NCT of Delhi in State Public Sector Undertakings 2.1.1.7-2.1.1.9 38-39 Part – I Functioning of Power Sector Undertakings Introduction 2.1.2.1 40 Formation of Power Sector Undertakings 2.1.2.2 40-41 Disinvestment, restructuring and privatisation of Power Sector Undertakings 2.1.2.3 41............

3.6 86 Conclusion and Recommendations 3.7 90 Table of contents iii APPENDICES No. Page no 1.1 State Profile 93 1.2 Part A Structure and form of Government Accounts 94 Part B Layout of Finance Accounts 94 1.3 Part A Methodology adopted for assessment of fiscal position 95 Part B Medium Term............

Staff cost including pension payments constituted the bulk of working expen ses . The steadily declining per formance of Indian Railways is reflected in the Operating Ratio (OR) of 98.44 per cent which was the worst in the last ten years. I ndian Railways would, in fact, have ended up with a............

This per formance audit on the activities of Nagaland State Transport Department was carried out from May 2016 to September 2016. Highlights of the Performance Audit are: Highlights Planning process of the Department was inadequate a s comprehensive study to assess the operational............

buildings and plantations not ide ntified during Joint Physical Verification 2.6.1 237 Statement showing details of buildings yet to be sh ifted and dismantling yet to be carried out. 2.6.2 239 Statement showing excess payment made on compensati on to Buildings 2.6.3 241 Statement showing............

Although II TK expressed (October 2011) its concern that such shifting of the equipment etc. by dismantling and decommissioning without the concurrence and involvement of Original Equipment Manufacturer (OEM) would result in loss of warranty, DVC did not pay h eed to the same. DVC also did not............

sub - contractor payments 2.1 2 23 Non -levy of penalty under Section 74(4) of KVAT Act for non -filing of VAT -240 2.1 3 24 Loss of revenue in the form of input tax credit 2.1 4 25 CHAPTER -III : Stamp Duty and Registration Fee Tax administration 3.1 27 Internal Audit 3.2 27 Results of Audit............

3.7 55 Follow up action on Audit Reports 3.8 56 Conclusion 3.9 57 vii {} iii APPENDICES Appendix No Page Part A: Structure and Form of Government Accounts 1.1 59 Part B: Layout of Finance Accounts 60 Part C: Methodology Adopted for the Assessment of Fiscal Position 61 Part D: State Profile............