Audit Reports

24 April 2012

Compliance

Report No. 27 of 2011-12 - Compliance Audit on Direct Taxes Union Government, Department of Revenue

The Comptroller and Auditor General of India conducts the audit of revenues from direct taxes of the Union Government under section 16 of the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service] Act, 1971.Direct taxes...

Sector:

Taxes and Duties

Appendices

_{(PDF 11.69 MB)}

16 Gluconate Health Kolkata-IV 2003-04 Interest on Government loan is not 212.81 Ltd. covered under the provisions of section 43 B of the Act. Still, the assessee was not allowed deduction off 579.07 lakh being the interest on Government loan because of non payment of the same. 17 M/s Indian...............

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25 August 2011

Compliance

Report No. 3 of 2011 - Compliance Audit on Observations of Union Government (Commercial)

use of APM gas only for fertilizer and for power generating companies supplying electricity to the grid for distribution to the consumers through public utilities/licensed distribution companies.Accordingly, the Ministry revised the rates for APM gas supplied to consumers other than power and...............

Sector:

Finance |

Transport & Infrastructure |

Power & Energy |

Industry and Commerce |

Information and Communication |

Social Welfare

Chapter 6 - Ministry of Consumer Affairs, Food and Public Distribution

_{(PDF 5.11 MB)}

Report No. 3 of 2011-12 CHAPTER VI: MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION Food Corporation of India 6.1 Fixation of Incidentals on Procurement of Foodgrains Introduction The Food Corporation of India...............

Executive Summary

_{(PDF 2.25 MB)}

Coal (12/3) 2 1 1 4. Commerce and Industry (11/1) - 1 - 5. Communications and Information 3 4 6 Technology (7/1) 6. Consumer Affairs, Food and Public 2 3 5 Distribution (3/1) ' This includes 14 PSUs whose paras have been shown under the Department of Public Enterprises as consolidated paras. 2...............

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10 May 2012

Compliance

Report No. 2 of 2011-12 - Compliance Audit on General Purpose Financial Reports of Central Public Sector Enterprises of Union Government, Commercial

As on 31 March 2011, there were 466 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor General of India. These included 329 government...............

Sector:

Finance

Chapter 3 - Corporate Governance

_{(PDF 6.79 MB)}

structures and lack of adherence to the governance principles increases the risk of corruption and misuse of entrusted power by the management in public sector. 3.1.1 Corporate Governance in India The direction of Corporate Governance initiatives in India has been dictated mainly by the...............

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04 September 2012

Compliance

Report No. 8 of 2012 - Compliance Audit on Observations of Union Government, Commercial

This Report includes important audit findings noticed as a result of test check of accounts and records of Central Government Companies and Corporations conducted by the officers of the Comptroller and Auditor General of India under Section 619(3)...

Sector:

Finance

Chapter – 15 Ministry of Steel

_{(PDF 11.21 MB)}

of Bhilai Steel Plant at rates below the tariff fixed by the Chhattisgarh State Electricity Regulatory Commission in violation of the Department of Public Enterprise’s as well as Company’s instructions on payment of subsidy. An amount 3.05 crore extended as subsidy to the employees, was...............

Index

_{(PDF 4.15 MB)}

than d credit d credit Credit 30 days MC044 Mnistry of Labour 247529 79913 131291 20762 7,395,407 286,614 7,108,793 6,265,574 DC006 Department of Public Enterprises 1160794 114461 1354380 152286 7,661,601 1,677,731 5,983,870 6,091,667 Ministry of Information DC018 Technology 383533 376390...............

Chapter 9 - Ministry of Heavy Industries & Public Enterprises

_{(PDF 8.27 MB)}

Report No. S of 2012-13 CHAPTER IX: MINISTRY OF HEAVY INDUSTRIES & PUBLIC ENTERPRISES Bharat Heavy Electricals Limited 9.1 Avoidable expenditure due to inclusion of restrictive clause in tender documents Due to...............

Annexures

_{(PDF 4.15 MB)}

than d credit d credit Credit 30 days MC044 Mnistry of Labour 247529 79913 131291 20762 7,395,407 286,614 7,108,793 6,265,574 DC006 Department of Public Enterprises 1160794 114461 1354380 152286 7,661,601 1,677,731 5,983,870 6,091,667 Ministry of Information DC018 Technology 383533 376390...............

Chapter 8 - Ministry of Finance (Department of Financial Services Insurance Division)

_{(PDF 9.39 MB)}

Growth not commensurate with profitability NICL garnered the maximum motor OD premium amongst all the general insurance companies, whether in the public or the private sector during 2006-07 to 2010-11. However, the growth of motor OD portfolio of NICL was negative during 2007-08 and 2008-09...............

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30 August 2012

Compliance

Report No. 13 of 2012 - Compliance Audit on Observations, Union Government(Civil)

exposing these valuables to the risk of misuse/pilferage and damage.Post offices in six circles failed to follow the provisions relating to the Public Provident Fund (PPF) Scheme, resulting in irregular payment of interest of Rs.2.26 crore to the...............

Sector:

General Sector Ministries and Constitutional Bodies

Chapter 2 - Ministry of Communications and Information Technology

_{(PDF 11.77 MB)}

2.4 Irregular payment of interest Post offices in six circles did not scrupulously follow the provisions relating to the Public Provident Fund (PPF) Scheme resulting in irregular payment of interest of? 2.26 crore to the subscribers._ Departmental Rules provide that an individual may subscribe to...............

Annexures

_{(PDF 3.57 MB)}

Report No. 13 of 2012-13 ANNEX-I (Referred to in paragraph 2.1.3) Details of Revenue realisation and Revenue expenditure (A) Revenue Realisation (f in crore) Name of the service 2008-09 2009-10 2010-11 Sale of stamps 605.76 617.82 614.31 Postage in ...

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23 August 2013

Compliance

Report No. 15 of 2013 - Compliance Audit on Direct Taxes-Union Government, Department of Revenue

This Report discusses important issues in direct taxes using data from Finance Accounts, departmental accounts, departmental MIS, Economic Survey and findings of compliance audits.Share of direct taxes in gross tax receipts increased from 38.42 per...

Sector:

Taxes and Duties

Appendices

_{(PDF 12.99 MB)}

Law also requires certain paying authorities in public and private sectors (TDS deductors) to deduct a certain percentage of payment made to individuals or corporate etc. and deposit the same in the Government's account. Another way of collecting tax is through designated authorities called TCS...............

Analysis of Assessments relating to Corporation Tax

_{(PDF 2.6 MB)}

Report No. 15 of 2013 (Direct Taxes) Chapter IV: Analysis of assessments relating to Income Tax and Wealth Tax A-Income Tax 4.1 Introduction 4.1.1 Chapter IV discusses 115 high value cases pertaining to Income tax with tax effect of ? 593.30 crore...

Analysis of Assessments relating to Income Tax and Wealth Tax

_{(PDF 2.6 MB)}

Report No. 15 of 2013 (Direct Taxes) Chapter IV: Analysis of assessments relating to Income Tax and Wealth Tax A-Income Tax 4.1 Introduction 4.1.1 Chapter IV discusses 115 high value cases pertaining to Income tax with tax effect of ? 593.30 crore...

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06 September 2013

Compliance

Report No. 21 of 2013 - Compliance Audit on Compensatory Afforestation in India, Union Government, Ministry of Environment and Forests

there would be a special fund to be called the Compensatory Afforestation Fund under the Public Account of India. the Authority was to maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as would be prescribed in consultation with...............

Sector:

Environment and Sustainable Development

Annexures

_{(PDF 0.19 MB)}

No. Name of Project Area of non-forest land (in hectares) 1,157.20 Diversion of 1,157.20 ha of forest land for construction to Publichintala Reservoir Project across Krishna river in Nalgonda and Guntur districts of Andhra Pradesh. Diversion of 374.87 ha of forest land for captive coal mine...............

Chapter 4 - Utilisation of Compensatory Afforestation Fund

_{(PDF 0.73 MB)}

Report No. : 21 of 2013 Chapter - IV Utilisation of Compensatory Afforestation Funds 4.1 Background As of November 2006, the amount lying with the Ad-hoc CAMPA was ^1,200.31 crore. This had increased to ?9,932.13 crore as of 30 June 2009, and...

Chapter 2 - Diversion of forest land and Compensatory Afforestation

_{(PDF 0.39 MB)}

Report No. : 21 of 2013 Chapter - II Diversion of forest land and Compensatory Afforestation 2.1. Introduction 2.1.1. Provisions regulating Compensatory Afforestation As per para 3.1(i) of the Guidelines issued under the Forest (Conservation) Act,...

Chapter 3 - Collection of Compensatory Afforestation Funds

_{(PDF 0.62 MB)}

Report No. : 21 of 2013 Collection of Compensatory Afforestation Funds 3.1. Introduction As per Forest (Conservation) Act 1980, money is to be collected for compensatory afforestation from user agencies which includes money for Compensatory...

Chapter 7 - State/Union Territory Specific Finding

_{(PDF 4.87 MB)}

69 Delhi Tourism & Transport Development Corporation, National Highways Authority of India, Delhi Development Authority and Central Public Works Department. 192 | P a g e Compensatory Afforestation in India Report No.: 21 of 2013 SI. No. Description Amount 3 Two cases (Delhi PWD and New Delhi...............

Executive Summary

_{(PDF 1.84 MB)}

It would be appropriate if the amounts lying in Ad-hoc CAMPA are transferred into the Public Account of India as was envisaged in the Compensatory Afforestation Fund Bill, 2008. Transfers to individual States can be made transparent so as to provide the stakeholders necessary information on the...............

Chapter 1 - About Compensatory Afforestation in India

_{(PDF 0.61 MB)}

there would be a special fund to be called the Compensatory Afforestation Fund under the Public Account of India. the Authority was to maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as would be prescribed in consultation with...............

Chapter 5 - Investment of accumulated Compensatory Afforestation Funds

_{(PDF 0.54 MB)}

5.3. The formulation of investment policy Any entity whether in the public or private sector, dealing with large volumes of surplus cash ought to have a formally documented investment policy supplemented by detailed procedures. Such policy and procedures would lay down among other things, the...............

Index

_{(PDF 0.87 MB)}

Report No. : 21 of 2013 Contents Page No. Contents iii Preface vii Executive Summary ix Chapter I About Compensatory Afforestation in India 1-15 1.1 Introduction 1 1.2 Diversion of forest land for non forest purpose 1 1.3 Compensatory afforestation ...

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25 March 2011

Performance

Report No. 30 of 2010 - Performance Audit of Cenvat credit Scheme Union Government (Indirect Taxes - Central Excise & Service Tax)

With a view to avoid cascading effect of excise duties, Modvat Credit Scheme was introduced in 1986. This was replaced by the Cenvat Credit Scheme from 1 April 2000. The present Cenvat Credit Scheme, which is operative from 10 September 2004 under...

Sector:

Taxes and Duties

Chapter 2 - Accumulation of cenvat credit

_{(PDF 6.58 MB)}

Report No. 30 of 2010-11 (Indirect Taxes - Central Excise & Service Tax) CHAPTER II ACCUMULATION OF CENVAT CREDIT Irregular availing (taking) of cenvat credit adds to the credit kitty of an assessee which can thereafter be used to pay excise duty/...

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28 November 2014

Compliance

Report No. 27 of 2014 - Compliance Audit on Union Government (Scientific and Environmental Departments)

in GEOSAT/IRS contracts and additional expenditure 112 X Targets and achievements of Zoological Survey of India in surveys, studies conducted and publications brought out 114 Report No. 27 of 2014 iii Preface This Report for the year ended March 2013 has been prepared for submission to the...............

Sector:

Science and Technology |

Environment and Sustainable Development

Appendices

_{(PDF 0.44 MB)}

of foreign satellite in Indian administration coordinated orbital slot 3.3 Loss due to unsafe transport and belated insurance of consignment 4.1 DSIR Public Private Partnership for setting up 'The Centre for Genomic Application' by Institute of Genomics and Integrative Biology 4.2 Unfruitful...............

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22 March 2011

Performance

Report No. 21 of 2010 - Performance Audit on Activities of National Remote Sensing Center (Department of Space)

The efficiency of financial management processes should be improved to achieve more realistic budgeting and control so as to avoid locking up public funds. 12. NRSC may streamline commission payable to ACL, avoid credit sales and streamline system for collection of receivables. 13. Proactive...............

Sector:

Science and Technology

Annexures

_{(PDF 0.28 MB)}

I Report No. 21 of 2010-11 Annex -1 Year wise acquisition of scenes by Indian remote sensing satellites (Reference: Paragraph 3.2) No IRS Data product No. o f scenes acquired (year of launch) generation 2002-03 2003-04 2004-05 2005-06 2006-07...

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