Audit Reports

MNRE, the financial viability of a n SHEP was to be assessed by computing the Payback Period (PBP )19, Net Present Value (NPV )20 , Internal Rate of Return (IRR) 21 or D ebt Service Coverage R atio. For considering a project financially feasible, the NPV sh ould be positive and the IRR sh ould...............

37 Chapter III Compliance Audit Audit of transactions of the Government Departments, their field formations as well as audit of the autonomous bodies brought out lapses in management of resources and failures in the observance of the norms of...

grantee institutions as well as sanctioning authority shall maintain a register in the prescribed format of the permanent and semi -permanent assets, immovable and moveable property of a capital nature, the value of which exceeds ₹ 1,000/ - acquired wholly or mainly out of Government grants. ...............

No. Partic ulars Reply of the Government 1 Underva luation of immovable properties 34 Instruments were registered (between June 201 6 and March 2018) at 13 SRs 6 as sale deeds/lease deed/gift deeds/mining leases pertaining to agricultural/ residential/ industrial/commer cial land(s)/marriage...............

 A dealer (works contractor) had submitted quarterly VAT returns and trading account for the year 2015 -16, however, did not furnish annual VAT return for the period. The AA failed to assess the tax liability on taxable turnover of ` 1.18 crore of a works contractor which resulted in short...............

Source: Finance Accounts for the respective years 8 Other Taxes include taxes on imm ovable property other than agricultural land, taxes and duties on electricity and other taxes and duties on Commodities and Services (excluding Entertainment Tax and Luxury Tax). 9 It includes receipts ` 738...............

to take over the management or possession or both of the industrial concern as well as the right to transfer by way of lease or sale and realise the property pledged, mortgaged, hypothecated or assigned to the Corporation;  Section 30 allows the Corporation to call for entire repayment before...............

The Publ ic Sector Undertakings are expected to yield reasonable return on investment made by Government in the undertakings. The amount of investment in the power sector PSUs as on 31 March 2019 was ₹ 111778.38 crore consist ing of ₹ 45700.40 crore as equity and ₹ 66077.98 crore as long...............

a contract shall be considered to be closed only after its successful completion and the performance security of the supplier/ contractor is returned/discharged. Further, the Company is also expected to lay down a well d efined and time bound procedure for closure of contracts after...............

Loss from operation of hired Semi -Delu xe buses (Non -luxury) 4.21 Ajmer Depot returned/transferred (June 2017) all the five allocated buses (2*2 Semi Deluxe buses) to the Deluxe Depot, Jaipur and the same were deployed on Jaipur -Mathura, Jaipur -Bidasar, Jaipur -Kaila Devi and Jaipur -...............

of 63 MVA damaged under guarantee period in Electricity Transmission Division ( ETD ), Banda was lifted by the firm (October 2017) but was not returned after repairs till date (November 2018). The Company stated (May 2019) that a bill amounting to ` 5.20 crore has been withheld, ` 1.80...............

The Public Sector Undertakings are expected to yield reasonable return on investment made by Government in the undertakings. The total investment of State Government an d others in the P ower Sector PSUs as on 31 March 2018 was ` 1,83,202. 93 crore consisting of ` 1,06,718.4 9 crore as...............

Accumulated profit (+)/ Loss ( -) Turnover Net Profit(+)/ Loss( -) before dividend, tax and interest Net impact of audit comments 1 Investment Return on Investment Manpower Interest (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) A WORKING GOVERNMENT COMPANIES AGRICULTURE AND...............