Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Mis-utilization of Forms
evaded the central sales
• Verify before giving the benefit of export sales the AO has verified
form H and other supporting documents ie. Bill of lading , airway
bill , export order etc.
8 Concessional form • Risk of tax evasion
• Mis-utilization of Forms
• Verify whether the raw material purchased against the
concessional form has been utilized for manufacturing purpose
• Mention the cases where it has been disposed off otherwise
• Whether the finished goods manufactured out of raw material
purchased against concessional forms has been sold by way of
local or interstate sale or otherwise
9 Deposit of return by Assessee • Department not getting details of
assesses to ascertain tax liability
• Revenue loss
• Verify whether the assesses has deposited his return along with
due tax within prescribed time
• Mention that cases of wilful default whether the AO has initiated
the penal provision or not
• Mention the cases of non /short levy of tax due to application of
incorrect rate of tax misclassification of goods
10 Composite scheme • Mis-utilisation of Scheme benefits • Verify that facility of composite rate is applied to only those
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