Compliance Performance
Punjab

Report No. - 2 of 2013 Government of Punjab - Report of the Comptroller and Auditor General of India on Revenue Sector

Date on which Report Tabled:
Tue 19 Mar, 2013
Date of sending the report to Government
Government Type
State
Sector Taxes and Duties

Overview

This Report contains one performance audit and 19 paragraphs relating to non/short levy of taxes, duties etc., involving RS 574.95 crore. Chapter I is based on the audit of Finance Accounts and State Budget for the year ended March 2012. This chapter provides an analytical review of total revenue receipts of the State Government for the year 2011-12. The total receipts of the State Government for the year 2011-12 were RS 26,234.41 crore. Revenue raised by the Government during the year was RS 20,239.46 crore, comprising tax revenue of RS 18,841.01 crore and non-tax revenue of RS 1,398.45 crore. The State Government received RS 3,554.31 crore as State's share of divisible Union taxes and RS 2,440.64 crore as grants-in-aid from the Government of India.

During test check of records of the taxes on sales, trade etc., taxes on vehicles, state excise, stamp duty and registration fees, land revenue, conducted during year 2011-12, revealed under assessments, short/non-levy, loss of revenue amounting to RS 855.13 crore in 4,824 cases. During the year the departments accepted audit observations of RS 328.80 crore in 2,444 cases and collected RS 7.94 crore in 463 cases pertaining to the audit findings during the year and previous years.

Performance audit on "Taxation of works contracts under PVAT Act" and other paragraphs revealed the following: Failure to identify/detect the unregistered contractors by conducting a survey resulted into non-realisation of revenue of RS 413.68 crore. Short deduction of tax deducted at source resulted in loss of revenue of RS 9.10 crore. Loss of revenue of RS 17.02 crore due to short payment of VAT by contractors/real estate developers on the material consumed/sales of flats etc. Short levy/payment of tax of RS 4.36 crore due to declaration of lesser rate of tax by work contractors. Short payment of tax of RS 29 crore due to under determination of taxable turn over.

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