Audit Reports

- 1: General Trend of receipts 1.1 1 Analysis of arrears of revenue 1.2 6 Follow up on Audit Reports – summarised position 1.3 8 Response of the Departments/Government to Audit 1.4 10 Results of audit 1.5 12 Coverage of this Report 1.6 12 Chapter - 2: Commercial Taxes Tax administration 2.1............

2.1 17 Results of Audit 2.2 18 Levy of Penalty 2.3 19 Short levy of VAT due to incorrect determination of taxable turnover 2.4 2 0 Works Contracts 2.5 21 Short levy of tax due to application of incorrect rate of tax under CST Act 2.6 2 3 Input Tax Credit (ITC) 2.7 2 4 Short levy of............

familiarise them with the various pr ovisions of the GST Act, particularly with respect to guidelines for deducti on of tax applicable for the works contracts/purchase contracts and ensure regularity in filing of tax returns by the DDOs. However, as has already been pointed out in paragraph............

59 3.6 Funds outside Consolidated Fund of the State 60 3.7 Funds transferred directly to Implementing Agencies in the State 60 3.8 Reconciliation of Departmental Figures 61 3.9 Reconciliation of Cash Balances 61 3.10 Misappropriation, Losses, etc. 61 3.11 Follow up action on State Finances Audit............

Corporation Limited included the procurement of transformers in the scope of EPC contractors , which was not in consonance with its practice in other contracts where OPTCL itself purchased the transformers. This resu lted in extra expenditure of `173.91 crore for procurement of 946 transformers.............

OSMCL had not taken a dequate action for non- performance of the contracts which extended undue f avour to the suppliers as discussed below: 2.1.4.1 Undue favour to suppliers As per contract conditions, OSMCL shall de-recognis e/ blacklist the defaulting suppliers for non-performance of............

20 “Health Department” 2.8 41 Review of Grant No. 23 “Industries Department” 2.9 42 CHAPTER – III FINANCIAL REPORTING Personal Deposit/ Personal Ledger Accounts 3.1 45 Building and Other Construction Workers Welfare cess 3.2 47 Opaqueness in accounts 3.3 49 Outstanding balances under............

of Assets; Claims and commitments made by the Government on revenue demands raised but not reali sed; Liability in respect of major works and contracts, committed liabilities in respect of land acquisition charges and claims on State Government in respect of unpaid bills on works and............

No. Categories No. of audit observations Amount 1 . Short levy of tax on works contracts 24 11.56 2 . Non - levy/short levy of interest and penalty 246 152.83 3 . Excess claim/allowance of Input Tax Credit 257 76.08 4 . Non - levy/short levy of tax under VAT Act 418 289.52 5 . Non - levy/short............

of cases pending for finalisation at the end of the year as furnished by the State Taxes Department in respect of Sales Tax/ VAT and Taxes on Works contracts are given in Table 3.5. Table 3.5: Arrears in assessments Head of Revenue Opening balance as on 1 April 2018 New cases due for assessment............