Audit Reports

2018-19 at 10 per cent and 10.5 per cent respectively was State Finances Audit Report for the year ended 31 March 2019 x largely, a consequence of tax reforms brought in th rough the implementation of the Goods and Services tax (GST). The contribution of Tax Revenue in the Revenue rece ipt was..................

The budget estimat es of receipts should be based on the existing rates of taxes, duties, fees etc. The findings in the preparation of the Budget, mana gement of expenditure noticed in audit have been discussed in the subsequent paragra phs. 2.2 Summary of Appropriation Accounts The summarized..................

Receipts 2018-19 2017-18 Disbursements 2018-19 Section-A: Revenue Total 243654 Revenue receipts 278996 241571 Revenue expen diture 267022 167932 Tax revenue 187436 78535 General services 84 765 16242 Non-tax revenue 15844 93054 Social services 109391 37219 Share of Union Taxes/Duties 42054..................

net profit after taxes) by shareholders' fund. It is expressed as a percentage and can be ca lculated for any company if net income and shareholders' fund are both positive numbers. Shareholders’ fund of a Company is calculated by ad ding paid up capital and free reserves net of accumulated..................

supplementary grants, surrenders and re- appropriations distinctly, and indicate actual capital and revenue expenditure on various specified services vis-à-vis those authorised by the Appropriation Act in respec t of both voted and charged items of the budget. Appropriation Accounts,..................

2501 06 789 08 National Rurban Mission 832 51. 2851 00 789 17 Computerisation of online departments (NE GAP) 176 Due to non-receipt of funds from GoI. 52. 2225 01 789 10 Mukhyamantri Adarsh Gram Yojna 1165 Due to non-completion of codal formalities. 53. 2202 02 789 16 Pre-matric scholarship to..................

Out of 14 Autonomous Bodies, only three - Himachal Pradesh Legal Services Authority, Shimla; District Legal Services Authority, Shimla; and District Legal Services Authority, Solan had submitted their accounts for 2018-19. The remaining 11 entities had not submitted their accou nts despite..................

!6$,#&$%)* )1 &.#5 1), 4,%&/- ('! $) %*&),,!&$ &#.&'.#$%)*   CHAPTER V II LAND REVENUE 7.1 Tax Administration The administration of Land Revenue Department vests with the Principal Secretary, Revenue Department. For the purpose of administration, the state has been divided into six..................

                REVENUE SECTOR CHAPTER IV GENERAL 4.1 Trend of revenue receipts 4.1.1 The tax and non -tax revenue raised by Government of Maharashtra during the year 2018 -19 , the state’s share of divisible Union taxes and duties..................

:> )*B ),$ .!05 )1 %*$!,!-$ '*(!, !&$%)* 2  )1 # #,#- $,# #.'! ((!( #6 &$ 22 C  D D       CHAPTER V TAXES ON SALES, TRADE, ETC . 5.1 Tax administration Levy and collection of Value Added Tax (VAT) receipts is governed by the Maharashtra Value Added..................

Revenue and the buoyancy of the State’s own revenue was also higher than the preceding four years due to the implementation of G oods and Services Tax. However, the State continued to be dependent on GoI, with 62 per cent of the revenue coming from Central transfers and Grants-in-Aid...................

Changes in key fiscal aggregates in 2018 -19 compared to 2017-18 Revenue Receipts
Revenue Receipts of the State increased by 17.27 per cent
Own Tax Receipts of the State increased by 20.50 per cent
Own Non-Tax Receipts increased by 101.89 per cent
State’s Share of Union Taxes and..................

are made based on the requirement projected by the Departments res ponsible for the activities of the ADCs;
Anticipated receipts from central tax transfers and funding for CSS are assessed and the quantum of funds required for committed exp enditure on salaries, pension, repayment of loan,..................

is required on a regular basis to keep the effect of road distress to a minimum, to extend the life of the road and to provide a high level of service to users. As per section 514.2 of MoRTH specification, preventive maintenance measures such as micro surfacing may be used as surface..................

in crore) Disbursements 2016 -17 2017 -18 Percentage (+) Excess (-) Deficit Plan Non -plan Total Plan Non -plan Total Revenue Expenditure General Services 181.39 41,013.94 41,195.33 418.30 45,105.47 45,523.77 (+)10.50 Social Services 9,773.34 23,991.38 33,764.72 12,425.84 23,450.43 35,876.27..................

Glossary of Abbreviations Glossary of Abbreviations 99 Glossary of Abbreviation used in the report Abbreviation Full Form AB Autonomous Body ADAK Agency for Development of Aquaculture Kerala ARCS Assistant Registrars of Co -operative Societies AS...

No. Sector, Type & Name of the PSU Period of accounts Net Profit/ loss before interest and tax Net Profit/Loss after interest and tax Turnover Paid up capital Capital employed # Net Worth ¥ Accumulated Profit/ loss 1 2 3 4 5 6 7 8 9 10 A. Generation 1 CSPGCL 2016 -17 1,351.76 336.49..................

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. Return..................

Executive Summary vii Fiscal Situation of the State Revenue receipts (RR) and revenue expenditure (RE) have increased during the period 2014-15 to 2018-19 but capital expenditure (CE) has decreased during 2018-19. However, RR and CE as a percentage...

No. Number and name of the grant Amount of savings 2014-15 2015-16 2016-17 2017-18 2018-19 Revenue (Voted) 1. 05-Excise and Taxation 29.40 (16) 45.48 (22) 35.12 (16) 65.89 (25) 48.40 (20) 2. 07-Planning and Statistics 333.58 (81) 237.74 (58) 283.17 (62) 10.76 (26) 22.00 (37) 3. 09-Education..................

District Legal Services Authority, Jhajjar had not submitted its a nnual accounts for the years 1996-97 to 2010-11 and had submitted annual accounts for subsequent years. Delay in respect of seven autonomous bodies ranged betwe en one year and three years. Delay in finalization of accounts carri..................

Multiple GST registrations resulting in blocking up of input tax credit Instead of taking only one GST IN , the Company took 62 GST INs for its depots, Regional Offices and Head Office. So , the input tax credit accumulated in the GSTINs of 56 depots and five Regional Offices amounting to ₹..................

Audit observations on the recovery procedure are described below : Recovery of default amount from sureties 5.1.7.1 The GoK introduced an online system, Service and Payroll Administrative Repository for Kerala (SPARK) , for effecting recoveries from the salary of the employees from..................

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 aft er tax by shareholders ’ fund...................

company’s profitability and the efficiency with which its capital is used and is calculated by di viding 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. Return..................