Audit Reports

10 December 2010

Compliance

Report No. 2 of 2010-11 - Compliance Audit on Financial Reporting by Central Public Sector Undertakings of Union Government, Commercial

(ii) The titles to the various immovable properties taken over from DoT were yet to be transferred in the name of the Company. (iii) Income from recharge coupon, prepaid calling cards, ITC cards, Sancharnet cards and stock of recharge coupons and prepaid calling cards, are subject to.........

Sector:

Finance

Chapter 2 - CAG's oversights role

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(ii) The titles to the various immovable properties taken over from DoT were yet to be transferred in the name of the Company. (iii) Income from recharge coupon, prepaid calling cards, ITC cards, Sanchamet cards and stock of recharge coupons and prepaid calling cards, are subject to.........

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18 March 2011

Compliance

Report No. 1 of 2010 - Compliance Audit on Accounts, Union Government(Civil)

card, change card related services 284 ™ Services provided by a telegraph authority in relation to telecom 239 ™ Services provided in renting of immovable property for use in further some business or commerce 563 ™ Education cess 171 3.4.1 Tax buoyancy: This refers to the built-in.........

Sector:

Finance

Chapter 3 - Resources: Trends and Composition

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card, change card related services 284 Services provided by a telegraph authority in relation to 239 telecom Services provided in renting of immovable property 563 for use in further some business or commerce Education cess 171 3.4.1 Tax buoyancy: This refers to the built-in elasticity.........

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30 March 2012

Compliance

Report No. 29 of 2011 - Compliance Audit on Indirect Taxes – Service Tax Union Government, Department of Revenue

BAS Business Auxiliary services 3,385.41 3,901.43 15.24 5.50 5. IMP Services provided in relation to renting of immovable property, other than residential properties and vacant land, for use in the course or furtherance of business or commerce 2,023.09 3,001.24 48.35 4.23 6. MRA Manpower.........

Sector:

Taxes and Duties

Chapter 4 - Non-payment of Service Tax by registered service providers

_{(PDF 0.35 MB)}

SBFVICB PBLOVtPBIBS 4.1 Courier service 4.2 Works contract service and construction of complex service 4.3 Business auxiliary service 4.4 Renting of immovable property Report No. 29 of 2011-12 - Union Government (Indirect Taxes --- Service Tax) CHAPTER IV NON-PAYMENT OF SERVICE TAX BY REGISTERED.........

Chapter 2 – Un-registered service providers

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65(64) of Finance Act 1994, with effect from 16 June 2005, the service of management, maintenance or repairs of properties (MMR), whether movable or immovable, has been brought in the tax net. As per clarification issued by Finance Ministry vide circular no.H0/4/2009-ST dated 23 February 2009,.........

Chapter 1 – Service tax receipts

_{(PDF 0.57 MB)}

BAS Business Auxiliary services 3,385.41 3,901.43 15.24 5.50 5. IMP Services provided in relation to renting of 2,023.09 3,001.24 48.35 4.23 immovable property, other than residential properties and vacant land, for use in the course or furtherance of business or commerce 6. MRA Manpower.........

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24 April 2012

Compliance

Report No. 27 of 2011-12 - Compliance Audit on Direct Taxes Union Government, Department of Revenue

The Comptroller and Auditor General of India conducts the audit of revenues from direct taxes of the Union Government under section 16 of the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service] Act, 1971.Direct taxes...

Sector:

Taxes and Duties

Chapter 1 - Tax Administration

_{(PDF 7.02 MB)}

despite clear provisions in the Act to enforce collection and recovery of outstanding demand viz, attachment and sale of assessee's movable and immovable property, appointment of a receiver for the management of assessee's properties and imprisonment, Tax demands remain irrecoverable for a.........

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25 August 2011

Compliance

Report No. 3 of 2011 - Compliance Audit on Observations of Union Government (Commercial)

This Report includes important audit findings noticed as a result of test check of accounts and records of Central Government Companies and Corporations conducted by the officers of the Comptroller and Auditor General of India under Section 619(3)...

Sector:

Finance |

Transport & Infrastructure |

Power & Energy |

Industry and Commerce |

Information and Communication |

Social Welfare

Chapter 13 - Ministry of Power

_{(PDF 9.97 MB)}

but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. 239 Report No. 3 of 2011-12 funds were raised after proper financial planning and commensurate with business requirements;.........

Chapter 2 - Ministry of Civil Aviation

_{(PDF 7.64 MB)}

2.3.5.2 Non recovery of Service Tax from DIAL The Finance Act, 2007 introduced a service tax category of “renting of immovable property”. This new taxable category was effective from 1 June 2007. On 8 October 2007, the service tax consultant (M/s. AK Batra & Associates) of AAI opined.........

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11 February 2014

Compliance

Report No. 25 of 2013 - Compliance Audit on Railways, Union Government (Railway)

This Report contains the audit findings of significant nature during the compliance audit in Ministry of Railways (Railway Board) of the Union Government and its field offices for the year ended 31 March 2012. The Report contains five chapters....

Sector:

Transport & Infrastructure

Chapter 3 - Engineering-Open Line and Construction

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Chapter 3 Report No. 25 of 2013 (Railways) Chapter 3 - Engineering - Open Line and Construction The Engineering Department of Indian Railways has two distinct organizations namely Open Line and Construction. While the Open Line is responsible for...

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23 August 2013

Compliance

Report No. 17 of 2013 - Compliance Audit on Indirect Taxes-Central Excise and Service Tax Union Government, Department of Revenue

This Report contains 239 audit observations pertaining to Central Excise duties and Service Tax, having a total revenue implication totalling RS 569.55 crore. The Ministry/department had, till May 2013, accepted audit observations involving revenue...

Sector:

Taxes and Duties

Appendices

_{(PDF 4.27 MB)}

Report No. 17 of 2013 (Indirect Taxes-Central Excise and Service Tax) Appendix I Organisational Chart of Department of Revenue 59 Report No. 17 of 2013 (Indirect Taxes-Central Excise and Service Tax) Appendix II Organisational Chart of Central...

Chapter 1 - Central Excise and Service Tax Revenue

_{(PDF 13.47 MB)}

Service Tax categories introduced in the recent past such as renting of immovable property and works contract services are some of the major performing categories. Besides these service categories listed in the table, services such as construction of residential complex,.........

Chapter 3 - Effectiveness of Internal Controls

_{(PDF 13.12 MB)}

that certain local self Government institution (LSGIs) like Municipalities and Grama Panchayats (GP) had leased out commercial complexes and other immovable properties. However, they had not taken registration with the Service Tax authorities and had not discharged their Service Tax liability..........

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23 August 2013

Compliance

Report No. 15 of 2013 - Compliance Audit on Direct Taxes-Union Government, Department of Revenue

This Report discusses important issues in direct taxes using data from Finance Accounts, departmental accounts, departmental MIS, Economic Survey and findings of compliance audits.Share of direct taxes in gross tax receipts increased from 38.42 per...

Sector:

Taxes and Duties

Direct Tax Administration

_{(PDF 6.66 MB)}

attachment and sale of assessee's movable and immovable property, appointment of a receiver for the management of assessee's properties and imprisonment. Tax demands remain irrecoverable for a long period in spite of exercise of the powers of recovery conferred under the Act. Table 1.10.........

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18 February 2014

Compliance

Report No. 30 of 2013 - Union Government (Defence Services) Army y and Ordnance Factories

As per the procedure for acquisition of immovable property laid down in Annexures ‘B’ & ‘D’, Chapter 29 of the Cantonment Laws Vol-II, the DEO is required to collect the site plan of the selected land from the users and furnish the same to the Board along with the details of khasra.........

Sector:

Defence and National Security

Chapter 2 - Ministry of Defence

_{(PDF 0.13 MB)}

As per the procedure for acquisition of immovable property laid down in Annexures ‘B’ & ‘D’, Chapter 29 of the Cantonment Laws Vol-II, the DEO is required to collect the site plan of the selected land from the users and furnish the same to the Board along with the details of khasra.........

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25 March 2011

Performance

Report No. 30 of 2010 - Performance Audit of Cenvat credit Scheme Union Government (Indirect Taxes - Central Excise & Service Tax)

With a view to avoid cascading effect of excise duties, Modvat Credit Scheme was introduced in 1986. This was replaced by the Cenvat Credit Scheme from 1 April 2000. The present Cenvat Credit Scheme, which is operative from 10 September 2004 under...

Sector:

Taxes and Duties

Chapter 2 - Accumulation of cenvat credit

_{(PDF 6.58 MB)}

Aiiport Ltd., in Hyderabad II commissionerate, engaged in rendering services like airport services, business auxiliary services, renting of immovable property, etc., availed of cenvat credit on cement, TMT bars etc. treating these items as capital goods. Since the goods were building.........

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