Compliance Performance
Punjab

Report No. -1 of 2014 Government of Punjab - Report of the Comptroller and Auditor General of India on Revenue Sector

Date on which Report Tabled:
Tue 22 Jul, 2014
Date of sending the report to Government
Government Type
State
Sector Taxes and Duties

Overview

This Report contains one performance audit on levy and collection of electricity duty and 14 paragraphs relating to incentive scheme implemented under Deferment and Exemption (D&E) Rules 1991 of PVAT Act, non/short levy of output tax/central sales tax, non/short levy of stamp duty and registration fees, non/short levy of motor vehicles, passengers and goods tax, retention of royalty etc. involving RS 91.05 crore.

The total receipts of the State Government for the year 2012-13 were RS 32,051.15 crore. The Government raised RS 25,216.77 crore, comprising tax revenue of RS 22,587.56 crore and non-tax revenue of RS 2,629.21 crore. The State Government received RS 4,058.81 crore as State's share of divisible Union taxes and RS 2,775.57 crore as grants-in-aid from the Government of India.

Test check of records of the taxes/VAT on sales, trade etc., taxes on vehicles, state excise, stamp duty and registration fees, forest receipts, land revenue, other tax and non tax receipts conducted during the year 2012-13, showed under assessments, short/non-levy, loss of revenue amounting to RS 1,241.20 crore in 9,401 cases. During the year the departments accepted audit observations of RS 954.69 crore in 6,799 cases and collected RS 6.14 crore in 332 cases pertaining to the audit findings during the year and previous years.

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