Audit Reports

due to non availability of Nielson reports, they had to depend on other sources like information from distributors and secondary information from online reports. The replies of the Management were not acceptable as in respect of WHD, HLL itself had collected and furnished (reply of January..................

108.85 110.00 Heavy Industries and Public Enterprises Bharat Heavy Electricals Ltd Non claiming of freigh t and service tax amounting to Rs 10.97 lakh 10.97 12.11 Heavy Industries and Bharat Heavy Electricals Ltd N on billing of freight of Rs 4.62 lakh 4.62 4.00 Report No. 15 of 2016 (Volume I)..................

2.7.3 Improper allocation of expenditure on risk advisory services resulting in excess cost recovery Non-allocation of the expenditure to other blocks h as resulted in excess booking of cost recovery by US $ 1.17 millio n in the year 2008-09 in KG-DWN-98/3 Block 2.7.4 Classification of..................

of payment of all salaries and wages of the State Government employees through bank account for the purpose of avoiding Banking Cash Transaction Tax (BCTT). Under the above order, DDOs opened Current Bank Accounts in respective Treasury Bank branches for deposit of salaries, wages and..................

Assuming that G ross State Domestic Product ( GSDP) 1 is a good indicator of the performance of the State’s economy, major fiscal aggregates like tax and non - tax revenue, revenue and capital expenditure, internal debt and revenue and fiscal deficits have been presented as p ercentage to the..................

/ Import permit fees Profit Ex-bond price As a pplicable At prescribed rate of VAT on MRP (-) Transport/Import fees (-) profit (percentum method = tax/100+tax) 20 per cent of {MRP (-) ED (-) VAT (-) Transport/Import fee} Note:                  denotessubtraction 3.5..................

Assam Police Housing Corporation Limited 3.7 Avoidable payment of interest Under the provision of Section 139 and 140 A of the Income Tax Act, 1961 (Act), every company at the close of each financial year, must assess its tax liability for the year, adjust both advance tax paid and tax..................

The provisions of Section 19A of the Comptroller and Auditor Ge neral’s (Duties, Powers and Conditions of Service) Act, 1971 shall apply to the report of such test audit. Audit of Statutory Corporations is governed by th eir respective legislations. Out of three working Statutory Corporations..................

As the enquiry officer could not prove the charges leveled against EO, he was re instated in the service (June 2013). Though the Joint Director furnished (August 2015) d etailed report of investigation along with related documents, scrutiny of those documents reve aled many discrepancies 41 which..................

4.10.4 IT/VAT not deducted According to Income Tax (IT) Act and State Value Ad ded Tax (VAT) Act, IT & VAT will be deducted from the payment of contractors/suppliers. Tests check of records revealed that in six ULBs (one MB and five TCs) IT/VAT amounting to `26.34 lakh were not deducted as..................

· GoA introduced online payment of taxes and the acco unts of these tax receipts are maintained by a Cyber Treasury attached to the Dispur Treasury. 3.4.3 Organisational Set-up There are 63 treasuries and sub-treasuries in Assam . All of them are banking treasuries i.e., they transact..................