Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
22 VAT Rules
Sr. No Activity Risk Audit Steps
A
VAT Rules
1 Registration • Weaknesses around registration of
dealers
• Verify whether every dealer who is required to be registered
under section 15 or section 16 of the Act has submitted an
application for registration under sub- section (2) of section 17 to
the Assistant Commissioner in the prescribed Form
• Verify whether the prescribed fee for Registration and its
Renewal is collected
• Verify whether the late fees is collected in case of expiration of
due date
• Verify whether a registration certificate is issued and entered in
the Register of Registered Dealers with the Taxpayer's
Identification Number (TIN)
2 Submission of Return and calculation of
turnover and assessment of tax
• Non availability of records can
result into incorrect accounting
• Verify whether every dealer liable to tax other than those covered
under sub-rule (2) submit to the Assessing Authority a return of
his turnover in the prescribed Form
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