Audit Reports

FOB Free on Board FPO Foreign Post Office FPS Focus Product Scheme FTP Foreign Trade Policy FTWZ Free Trade and Warehousing Zone FY Financial Year GST Goods and Service Tax HBP Handbook of Procedures HS Harmonized System ICES Indian Customs EDI System IEC Importer Exporter Code INR Indian Rupee...

11 CHAPTER I Overview of Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) The Foreign Trade Policy (FTP) 2015-20, launched on 1 April 2015, provides a framework for increasing exports, generating employment...

6. 33-Department of Revenue 1,80,949.72 1,24,424.97 56,524.75 GST compensation cess is levied to compensate State s/ UTs for the revenue loss caused by implementation of the GST Act. The entire cess coll ected is required to be transferred to the GST Compensation Fund in the Public Account....

No.2 of 2019 on Accounts of the Un ion Government for 2017-18, it had been reported that devolution of IG ST was not consistent with the scheme of GST/IGST. It was also advised th at GoI needs to account for its share correctly. Despite this durin g 2018-19, a sum of `15,001 crore was...

Mismatch between disbursement from the Reserve Fund and expenditure met from Fund 27 2.5 Issues relating to accounting of Cesses and levies 28 2.5.1 GST Compensation Cess 29 2.5.2 Road and Infrastructure Cess 29 2.5.3 Health and Education Cess 30 2.5.4 Cess on Crude Oil 31 2.5.5 Universal Access...

Union Government Finance Account The decrease in balances under Reserve Funds was ma inly due to tapping the opening balance ( `15,000 crore) of the GST Compensation Fund for maki ng Union Government Finances: Overview 5 disbursements during the year, and (in violation of accounting principles)...

and the monthly rent for this space is `340.58 per sq. ft. (excluding GST). In addition to this space, NFRA has further been alloted 15,750 sq. ft. at the Seventh floor of the aforesaid office premises which is under renovation. Thus, hiring of space by the Ministry on lease with out any...

Services Tax(GST)/Value Added Tax (VAT)/ Sales Tax This chapter contains eight audit paragraphs including paragraphs on Audit of ?Registration under GST? having a financial impact of
70.89 crore. Out of 51,474 assessments finalised in the units selected for audit, 15,699 assessments (30.50 per...

86 CHAPTER–IV: GOODS AND SERVICES TAX/VALUE ADDED TAX/ SALES TAX Tax administration 4.1 87 Results of Audit 4.2 87 Audit of “Registration under GST” 4.3 88 Non/short levy of VAT due to misclassification /application of incorrect rate of tax 4.4 95 Irregularities in allowance of input tax...

conversion tax/ service charge/ stamp duty/ motor vehicles tax/ dead rent and other irregularities, system issues relating to Registration under GST/IT audit of Vahan and Sarathi/ involving financial effect of ` 393.12 crore. The concerned Departments/ Government have accepted audit...

(Paragraph 2.6.1) vi The D epartment did not analyse case -wise reasons in respect of 41,159 dealers who did not migrate to GST . Audit could not derive an assurance that all dealers due for registration under GST were actually registered. Audit recommends that t he Department may analyse case...

Further details on implementation of GST are at para 2.7. Tax revenue accounted for was 32.77 per cent (` 27,913.80 crore) of the total revenue (` 85,173.79 crore) of the State for the year 2017 -18. There has been increase of 22.15 per cent of tax revenue during the year 2 017 -18 over the...

Office DL Driving Licence DR Dead Rent E EC Excise Commissioner ED Excise Duty EPH Exclusive Privilege Holder ET Entry Tax G GoO Government of Odisha GST Goods & Services Tax GSTC Goods & Services Tax Council GSTIN Goods & Service s Tax Identification Number GSTN Goods & Services Tax Network GTO...

Table of Contents Paragraph number Page number Preface vii Executive Summary ix Chapter-I Finances of the State Government Introduction 1.1 1 Summary of fiscal transactions in 2018-19 1.1.1 1 Review of Fiscal situation 1.1.2 3 Fiscal Health of the...

Table of Contents Paragraph number Page number Preface vii Executive Summary ix Chapter-I Finances of the State Government Introduction 1.1 1 Summary of fiscal transactions in 2018-19 1.1.1 1 Review of Fiscal situation 1.1.2 3 Fiscal Health of the...

35 GOI Government of India 36 GOK Government of Karnataka 37 GOs Government Orders 38 GP Gram Panchayat 39 GSDP Gross State Domestic Product 40 GST Goods and Service Tax 41 GSTN Goods and S ervice Tax Networ k 42 HFW Health and Family Welfare 43 HOA Head of Account 44 HRMS Human Resource...