Audit Reports

stamp duty levied by/for Municipal Corporations/Gram Panchayats and Zila Parishads 4.4 86-87 Short levy of stamp duty due to under valuation of immovable property 4.5 88-89 Short levy of stamp duty due to application of inco rrect rates of immovable property 4.6 89-90 Short levy of stamp.........

in crore) Action taken by the ITD and Audit comments thereon computation of income shows that the additions to fixed assets Land and Building (other immovable properties) were inclusive of the value of the gifted property which was being adjusted against the old accumulation of funds under the.........

supplies on which input tax credit shall not be available, which inter-alia include s a) works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract services and b) goods.........

Iraq, Jordan, Syria, Saudi Arab, define their antiquities as movable or immovable. The issue of incorrect declaration of an immovable antiquities as monument ( e.g. statue carved on a stone, immovable mounted cannons) could be resolved by further elaborati ng the definition and notification of.........

with Income Tax Department, Municipal Corporation, Chhattisgarh Housing Board, Sub Registrar and Tehsildars to ascertain the details of the immovable properties of the defaulters. 1. 6 Response of the Government/d e partments to Audit 1. 6 .1 Position of outstanding Inspection Reports On.........

six per cent, as applicable to conveyance, on a power of attorney given for consideration of ` `` ` 125.39 crore and authorising the attorney to sell immovable property resulting in short levy of stamp duty of ` `` ` 7.52 crore. The Supreme Court of India observed 1 (May 2009) that power of.........

6. Lease/Sale of property Section 172 of PMC Act allows a Corporation to lease or sell movable and immovable property belonging to them, but with certain restrictions. No corresponding provision available in the PM Act. 7. Determination of rateable value of lands and buildings assessable to taxes.........

Corporation Act and 109 of Chhattisgarh Municipalities Act allow the Municipal Councils and Municipal Corporations to lease or sell movable and immovable property belonging to them but with certain restrictions and prior sanction of the Government. 8 Withdrawal from Reserved Fund According.........

(Paragraph 2.11) DEPARTMENT OF FISHERIES The Directorate of Fisheries had to forego levy of Goods and Service Tax (GST) of ` 26.80 lakh on renting of immovable property, due t o delay in registration under GST. (Paragraph 2.12) PUBLIC SECTOR UNDERTAKINGS AND GOVERNMENT COMMERCIAL AND TRADING.........

and payment accounts; 2: Consolidated Abstract; 3: Monthly reconciliation statement; 4: Yearly Statement of Receivable and Pa yable; 5: Details of Immovable Property; 6: Details of Movable Property; 7: Inventory Regist er; 8: Details of Demand, collection and balance. 19 CHAPTER-3: PROFILE OF.........