Audit Reports

ix •Application of incorrect rate of tax, underassessme nt, incorrect exemption of interstate sale turnover not covered b y statutory declaration forms resulted in short levy of Central Sales Tax (CST) of ` 74.94 lakh in 11 cases pertaining to eight offices. (Paragraph 2.9.1) Incorrect............

registration under the BVAT Act, a dealer (other than a dealer opting to pay compounding tax) is liable for online filing of quarterly returns in form RT -I and an annual return in form RT-III along-with a Tax Audit Report (TAR). A dealer opting to pay compounding tax is required to file............

(Paragraph 2.6.2.1) In 14 offices, allowing concessional rate of tax in 16 cases based on invalid statutory forms resulted in short levy of t ax of ` 3.69 crore. (Paragraph 2.7.1) In 12 cases, exemption under CST Act was allowed wi thout proper documentary evidence which resulted in short............

(Paragraph 3.17) Due to improper formulation of estimate and no n-revision of the estimate as per codal provisions by Public Works Department (Buildings and Roads ), extra expenditure of ` 5.57 crore was incurred on Nizampur -Narnaul -Dadri Road (SH -17) in Km 13.88 to 27.60. Besides the road............

Particulars Reference to Paragraphs Page 1.1 State Profile 1 57 1.2 Part-A: Structure and form of Government Accounts 1.1 58 1.2 Part-B: Layout of Finance Accounts 1.1 58 1.3 Part-A Fiscal Responsibility and Budget Management (FRBM) 1.1 61 1.3 Part-B Methodology adopted for the assessment of............

The Audit findings included in the Per formance Audits, Thematic audits/Follow-up audit and Compliance Audi t paragraphs in this Report have total money value of ` 6299.22 crore. The audit has been conducted in accordance with the Auditing Standards prescribed for the Indian Audit and............

Public Sector Undertakings 5 Financial Support and returns during the year 1.8 The State Government provides financial support to PSUs in various forms through annual budget. The summarized details of budgetary outgo towards equity, loans, grant/ subsidies, loans written off and interest............

to students without ad hering to prescribed age limits 3.3.4 108 Glossary 109 Page v This Report pertaining to the State of Telangana (S tate formed with effect from 2 nd June 2014 as per The Andhra Pradesh Reorganisation Act, 2014) for the year ended March 2015 has been prepared for............

Based on this risk assessment, frequency and extent of audit are decided and an annual audit plan is formulated to conduct audit. After completion of audit of each unit, Inspection Report (IR) containing audit findings is issued to head of the unit with a request to furnish replies within one............

(Paragraph 2.3.6.2) Assessing Authority allowed the benefi t of transactions made on fake/ no n-genuine statutory declaration forms to a dealer amounting to ` 76.76 crore for the year 2009 -10. The sa me dealer also submitted fake/n on -genuine forms for ` 141.67 crore for the year 2008 -09 and............