Audit Reports

higher than the previous year for all the taxes except Taxes on Vehicles due to less collection of taxes u nder these heads after implementation of GST, whereas expenditure on colle ction remained the same. 1.3.1.2 Non-Tax Revenue (NTR) Non-Tax Revenue collected during 2017-18 was ` 7,847 crore...

Compliance Audit Preparedness for transition to Goods and Services Tax (GST) Jammu and Kashmir was the last State in the country to implement the GST Act. State Taxes department claimed that it had sufficient IT infrastructure. There was low enrolment of existing taxpayers and delayed...

and Collection of Tax on Services” showed the following: Non-fixation of targets for collection of tax from the services as goods under J&K GST Act, 1962 and failure to widen the tax base by way of increasing the Audit Report (Revenue Sector and PSUs) for the year ended 31 March 2017...

The States Own Tax Revenue has shown a steady increase, particularly in Tax on Sale of Goods and Services and GST which increased from `4,579 crore in 2013-14 to ` 7,104 crore in 2017-18. The State’s Share in Union Taxes & Duties and Grants from the Union Government together constituted 66.30...

Revenue receipts comprise of: (a) tax revenue (i) revenue from State’s own taxes such as State Excise, VAT/ GST which the State can control (ii) State’s share in Central taxes/duties under the Finance Commission award and (b) (i) non-tax revenues under control of the State such as...

Commission Grants - - - - 11,849 Other Transfers/ Grants to States - - - - 620 Compensation for loss of revenue arising out of implementation of GST - - - - 1,137 Total 13,843 16,150 16,728 20,598 22,702 Percentage of increase/ decrease over the previous year (-) 4 17 4 23 10 Revenue Receipts...

and State goods and service tax: The decrease of 6.74 per cent was attributed (December 2018) by the Department t o implementation of GST from July 2017 in place of VAT. State Excise: The decrease of 12.57 per cent was attributed (February 2019) by the Department to decrease in number of...

(` `` ` in crore) (Source: Finance Accounts and Budget Estimates of G overnment of Madhya Pradesh) 2 Revised budget estimate due to implementation of GST. 3 The figures in the BE and actual column in the H ead “State Goods and Services Tax” for the year 2013-14 to 2016-17 shown as Not...

When this suspected fraudulent act was brought to the notice of the Invoice dated 17.08.2012 showing inclusion of GST in Total Amount Chapter II: Compliance Audit 45 Department (May 2018), it justified the Contractor’s invoice by forwarding another invoice (August 2018) bearing identical...

and GST by ` 13,120 crore (13 per cent). The non-tax revenue during 2014-19 fluctuated between six per cent and eight per cent whereas central transfers increased from 23 per cent in 2014-15 to 27 per cent in 2018-19. The non-tax receipt relative to GSDP has shown a steady decline during...