Audit Reports
Kerala
Report No. 1 of 2014 - Performance Audit on Revenue Sector of Government of Kerala
Overview
The Report contains 28 paragraphs including one performance audit on 'Assessment, levy and collection of VAT on transfer of goods involved in the execution of work/supply contract' and a study done by Audit on 'Levy of stamp duty and registration fees on development/construction agreements'relating to non/short levy of tax, interest and penalty etc., involving Rs. 643.41 crore. Some of the major findings are mentioned below:
Total revenue receipts of the State Government for the year 2012-13 amounted to Rs. 44,137.30 crore against Rs. 38,010.36 crore for the previous year. 78 per cent of this was raised by the State through tax revenue (Rs. 30,076.61 crore) and non-tax revenue (Rs. 4,198.51 crore). The balance 22 per cent was receipt from the Government of India as State's share of divisible Union taxes (Rs. 6840.65 crore) and grants-in-aid (Rs. 3,021.53 crore).
As on 30 June 2013, 2,906 Inspection Reports (IRs) in respect of various departments containing 22,189 observations involving money value of Rs. 2,794.17 crore were outstanding. The number of outstanding audit observations increased by 7.56 per cent during the period of one year.