Audit Reports

Report No. 10 of 2020 84 6.5 Corrective action taken at the instance of Audit Paradip Port Trust paid excess income tax of ` `` `1.43 crore for the assessment years from 2014-15 and 2015-16 due to inclusion of tax fr ee interest income in its total taxable income. After Audit pointed out excess..................

Further, the Trust has recen tly formulated guidelines for online capturing of financial data such as operating incom e, Profit After Tax (PAT), debt-equity ratio, net-worth, current ratio, CIBIL score of the chief promoters, total assets, etc. in guarantee application form based on..................

Report No. 10 of 2020 47 CHAPTER V: MINISTRY OF PETROLEUM AND NATURAL GAS Directorate General of Hydrocarbons 5.1 Failure to recover cost of Unfinished Minimum Work Programme from various contractors in relinquished NELP blocks The contractor(s)...

Chapters II to VII I present findings/ observations arising out of the compliance audit of the Economic and Service Ministries/ Departments and their Autonomous Bodies 1. 1.2 Authority for Audit The authority for audit by the CAG and reporting to the Parliament is derived from Articles..................

Report No. 10 of 2020 8 CHAPTER II: MINISTRY OF COMMERCE AND INDUSTRY Footwear Design and Development Institute 2.1 Non-compliance of guidelines of Central Vigilance C ommission and Central Public Works Department and corrective action taken thereon ...

Further, there were recurring expenditure on security, gardening, elect ricity/ DG set/ housekeeping/ water charges, municipal tax etc. on the EDC. The Institu te incurred an expenditure of `0.28 crore during April 2014 to July 2019 towards security, gardening and rest of expenditure could not..................

Information Centre (ATI C) at CAZRI, Jodhpur was established(January 2000) to provide a single w indow delivery system for the products and services of the institute to the f armers and other interested groups as a process of innovativeness in technology dissemination, to facilitate..................

(ii) In the bid for the contract for construction of Se cond Vehicle Assembly Building at SDSC, the contractor quoted two per cent of Works Contract Tax (WCT)/Value Added Tax (VAT) over the cost of work. SDSC clarified to the contractor that any change in the 37 ` 7.49 crore + ` 1.64 crore - `..................

proposal to DAE fo r revision of the project cost and extension of time schedule citing increase in the scope of the construction of the building and services of Medica l Cyclotron Facility as well as increase in the price of materials, services and equipment. Accordingly, DAE revised (May 2006)..................

Prasar Bharati 2737.86 75. Press Council of India 6.06 LAW & JUSTICE 76. National Legal Service Authority 100.00 77. Institute of Constitutional & Parliamentary Studies 1.51 # ## # The Accounts are prepared for the period January to December. Report No. 6 of 2020 204 Sl. No. Central..................

6 of 2020 iii Description Paragraph Page Irregular payment of Service Tax (relating to Educational Institutions under M/o HRD, M/o H&FW, M/o Ayush) 11.2 118 Department of Higher Education Assessment of internal control on drawing and settl ing of Abstract Contingent Bills 11.3 120..................

of Human Resource Development, Health and Family Welfare and Ayush Educational Institutions coming under these Ministr ies made payment of service tax aggregating to ` 5.34 crore on outsourced services (housekeeping an d security), although these services were exempted fr om payment of such..................

In 2017-18, the net saving of ` 1,05,671 crore was due to gross saving of ` 1,96,834 crore and excess of ` 91,162 crore . The details of tax and non-tax revenues in 2017-18 are given in Table No. 2: Table No. 2: Details of tax and non-tax revenues (` `` ` in crore ) Receipts 2016-17 2017-18..................

(ii) IM had not made use of the services of a consultant who is aware of the conservation process and techniques, civil work as well as museum design with whom NBCC could have interacted at ever y stage and vetted the process in order to implement best pract ices. (iii) No Committee or..................

2 Upfront charges of ` 13.88 crore and Service Tax @ 12.36 per cent amounting to ` 1.71 crore 3 Maintenance Charges in the subsequent 13 years of the lease period to be shared by SAARC Member States in which from the second year o nwards India’s contribution was to be around 30 per cent. 4..................

The value of contracts was inclusive of all taxes and duties. It was noted that prices of goods supplied by Contractors to Company during Dec ember 2016 to June 2017 was ` 10.90 crore includes excise duty of ` 1.16 crore. Audit noted that CENVAT Credit Rules (CCR) 2004 pro vides that..................

Report No.6 of 2020 134 Department of Science and Technology 14.1 Financial assistance by Technology Development Board The Technology Development Board did not properly m anage the financial assistance extended by it. This resulted in default in...

terms of achievement of goals was not assessed by DGFT and o Nothing was found on record to establi sh that grievance redressal system existed in the online module of MEIS/SEIS and that any pendency analysis of MEIS/SEIS grievances had been done so far by DGFT. Detailed audit findings are given..................

The Report contains significant results of the performance audit on ‘ Merchandise Export s from India Scheme (MEIS) and Service Export s from India Scheme (SEIS) ’. The instances mentioned in this Report are those which came to notice in the course of t est audit conducted during the period..................

DGFT stated (March 2020) that since April 2019, after the integration of the data e xchange mechanism of the DGFT and the SEZ online module operated by National Securities Depository Limited ( NSDL), the data of shipping bills was being received electronically . They also reported that the..................

Audit scrutiny of bookings under Minor Head 800 in respect of Direct Taxes showed that `920 crore was booked under Minor Head 800, even tho ugh the 12 Specified Undertaking of the Unit Trust of India Report of the CAG on Union Government Accounts 2018-19 14 relevant Minor Heads were..................

3.14 Breach of Article 114 (3) of the Constitution of India-Expenditure incurred on interest on refunds of taxes by the CBD T without appropriation Article 114(3) of Constitution of India stipulates that no money shall be withdrawn from the CFI except under appropriation made by the legislature...................

e testing facilities for certification,
check testing 5 for energy consumption of the products/models, and
levy fee on registered models, for services provide d under S&L Scheme. 5.1.1.4 Targets and Funding The Government of India released grant of `4.40 crore (November 2012 to March 2013)..................

Report No. 3 of 2020 8 CHAPTER II: MINISTRY OF CHEMICALS AND FERTILIZERS National Institute of Pharmaceutical Education and Research 2.1 Review of status of National Institute of Pharmaceu tical Education and Research (NIPER) 2.1.1 Background...

The deducted amount i ncluded `4.12 crore towards PMC charges at the rate of seven per cent on awarded cost of `54.21 crore and service tax thereon. However, as per agre ement, PMC charges were to be levied on cost of actual work done. PMC charges bas ed on actual cost worked out to `0.15..................

VAT amounting to €112,590 ( ` `` `83.32 lakh) during the period from April 2016 to Ma rch 2018 due to delay in appointment of agency for claiming tax refunds. India Tourism Offices (ITO) situated abroad are ent itled to refund of Value Added Tax (VAT) paid on various expenses incurred by them..................

This has resulted in overstatement of investment and corresponding overs tatement of Net surplus before tax by `40 crore. Similar comment was included in the Separ ate Audit Report since 2015-16, but no corrective action has been taken. 9.3 As per actuarial valuation made by LIC total pensio n..................

and Maintenance of LHB Coaches in Indian Railways 36 (b) Maintenance facilities of LHB coaches at Workshops With the induction of LHB coaches in the services, workshops should have also the facility for Periodic Overhaul / Intermediate Overhaul (POH/IOH )43 of LHB coaches including regular..................

2.1.4.11 Purchase of Journals The consortium for e-Resources in Agriculture (CeRA) was established (November 2007) by ICAR which provides online access of select journals in agricultural and allied sciences. JAU provides access to the journals of CeRA to all the students and faculty of the..................

no.7.2.10 (ii)} Case Study 1 The vehicles registered in the name of Government and its undertakings ar e ex empt ed from levy of motor vehicles tax as per provisions of the Gujarat Motor Vehicles Tax Act 1958. Audit noticed that 40,915 backlog records were entered in the selected 13 units,..................

No. Grant No. Name of the Grant/Appropriation Total Grant/ Appropriation Excess Expenditure 1. 7 Finance, Tax, Planning, Secretariat &Miscellaneou s Services Capital (Charged) 7,048.14 2. 25 Food Capital (Voted) 1,414.04 Total 8,462.18 As is evident from above table, 99.97 per cent excess..................

to 2018-19 For Uttarakhand For SCS For Uttarakhand For SCS For Uttarakhand For SCS A of Revenue Receipts 14.02 13.41 11.85 13.77 15.17 11.64 B of Tax Revenue 14.02 17.65 8.42 13.08 19.90 23.22 C of Non-Tax Revenue 13.74 8.57 7.67 8.88 87.01 19.16 D Total Expenditure 13.96 11.95 14.78 13.53..................

i TABLE OF CONTENTS Sl. No. Contents Paragraph Page No. 1. Preface v 2. Executive Summary vii CHAPTER-1: FINANCES OF THE STATE GOVERNMENT 3. Profile of the State 1.1 1 4. Receipts of the State 1.2 6 5. Revenue Receipts 1.3 8 6. Capital Receipts 1.4...

company’s profitability and the efficiency with which its capital is used and is calcul ated by dividing company’s earnings before interest and taxes by capital employed. Return on Equity is a measure of performance calculated by dividing net profit after tax by shareholders’ fund. Rate of..................

6.94 7.08 7.61 8.31 Other Expenses 93 18.40 11.79 11.73 13.47 11.03 Total Expenditure 164.36 140.46 154.70 162.81 149.57 Profit(+)/Loss( -) before Tax (2.23) 0.84 0.86 (16.56) (1.50) Current Tax 0.22 0.16 0.30 0 0 Net profit (2.45) 0.68 0.54 (16.56) (1.50) (Source: Information submitted by..................

Dev elopment Corporation Limited, (ii) Odisha Rail Infrastructure Development Limited, (iii) IREL IDCOL Limited 7 (i) Bhubaneswar Puri Transport Services Limited, (ii) Western Odisha Transport Service Limited, (iii ) Ganjam Urban Transport Service Limited 8 Kanti Sharma Refractories Limited..................

company’s profitability and the efficiency with which its capital is used and is calculated by dividing company’s earnings before interest and taxes by capital employed. Return on Equity is a measure of performance calculated by dividing net profit after tax by shareholders’ fund...................

13 CHAPTER II VALUE ADDED TAX, ENTRY TAX AND GOODS AND SERVICES TAX, etc . 2.1 Tax Administration Assessment and collection of Value Added Tax, Entry Tax, Central Sales Tax,..................

45 CHAPTER IV STAMP DUTY AND REGISTRATION FEE 4.1 Tax Administration Receipts from Stamp Duty (SD) and Registration Fee (RF) are regulated under the Indian Stamp Act 1899 (IS Act), the Registration..................