Audit Reports

This constitutes an unwarranted expense. As per provisions 78 made under Finance Act, 1994, renting of immovable property includes renting, letting, leasing, licensing for use in the course of furtherance of business or commerce and is liable to levying of Service Tax. Licensing of space for.........

The State Government replied that the decline in collection of property tax arrears in 2017-18 as compared to 2016-17 had resulted in drop in the own source revenue. The reply is not tenable since the arrears occurred due to lapse on the part of LSGIs in timely collection of revenue. Excess.........

The devastating floods in Kerala during August 2018 severely affected 13 of the 14 districts in the State resulting in huge loss of life and property. With a view to assess the preparedness and response of Government of Kera la (GoK) to minimi se the magnitude of losses due to floods, a.........

184.84 165.41 89.49 9 0049 Interest Receipts 2,331.14 2,058.23 88.29 10 0070 Other Administrative Services 356.61 296.13 83.04 11 0035 Taxes on Immovable Property Other than Agriculture Land 329.36 261.78 79.48 12 0250 Other Social Services 314.27 252.22 80.26 13 0210 Medical and Public.........

) Short levy of tax of ₹ 4.47 crore (inclusive of interest and penalty) due to incorrect allowance of input tax credit (ITC) on exempted goods and immovable property , errors in computation of ITC and allowance of ITC without realizing the corresponding output tax. (Paragraph 2.13 ) Stamp Duty.........

Also in their report, it was stated that the title deeds of immovable properties are held in the name of the company. However, scrutiny of available reco rds revealed that there was no such regular programme of physical ver ification of fixed assets. Also the landed property was not held by th.........

Accordingly , the projected revenue for Rajasthan was ₹ 28,980.23 crore for the year 2. Other Taxes include taxes on immovable property other than agricultural land, taxes and duties on electricity and other taxes and duties on Commodities and Services (excluding Entertainment Tax and Luxury.........

4.6 33 Transfer of lease by way of assignment 4.7 34 Short levy of Stamp Duty on developer agreements 4.8 35 Short levy of Stamp Duty on transfer of immovable properties 4.9 36 Amalgamatio n/reconstruction of companies 4.10 38 Undervaluation of Immovable properties 4.11 39 Chapter V : State.........

March 2019 Head of revenue Goods and Services Tax Sales taxNAT State Excise Stamp Duty and Registra- tionFee Taxes on Vehicles Land Revenue Taxes on immovable property other than agricultural land (urban land tax) Others 2 Total 1.1.2 The following table presents the details of tax revenue raised.........

Registration Fees: The decrease of 3.90 per cent was attributed by the Department to exemption of stamp duty and re gistration fees on sale deeds of immovable properties made in favour of wom en with effect from June 2017. Taxes on Vehicles: The increase of 10.99 per cent was attributed by the.........