FORM-CC
AUDIT REPORT UNDER SECTION 52 OF THE PUDUCHERRY VALUE ADDED TAX Act, 2007
(See rule 52)
I/We .......................... ...... have examined the balance sheet as at 31st March.................. the trading, profit and loss account / income and expenditure account for the year ended on that date, attached herewith, of the following dealer.
.............................................. (Name of the dealer)
I/We .................................. that the balance sheet and the trading, profit and loss account / income and expenditure account are in agreement with the books of account maintained at the head office at ............................ and ........................(branches)
(a) I/We ................................ report the following observations /comments / discrepancies / inconsistencies; (if any):
......................................................................
(b) Subject to above,-
(A) I/We have obtained all the information and explanations which, to the best of my / our knowledge and belief were necessary for the purposes of the audit.
(B) In my / our opinion, proper books of accounts as required by law have been kept by the dealer, so far as it appears from our examination of those books and proper returns adequate for the purposes of audit have been received from the branches not visited by us. The Branch Auditor' Report(s) have been forwarded to us and have been appropriately dealt with;
(C) In my / our opinion and to the best of my / our information and according to the explanations given to me / us, the said accounts, read with notes thereon, if any, give true and fair view:-
(i) in the case of the balance sheet, of the state of affairs of the assessee as at 31st March,.............. and
(ii) in the case of the trading, profit and loss account / income and expenditure account of the profit / loss or surplus / deficit of the assessee for the year ended on that date.
............................
Rs.
11. Specify the sales turnover details under Puducherry Value Added Tax Act, 2007: (Furnish commodity-wise break-up in each category separately)
12. Specify the sales turnover details under the CST Act, 1956 (Furnish commoditywise break-up in each category separately).
13. I. Details of Input Tax Credit :- (Details in Annexure-I shall be enclosed)
II. Details of output tax :
* - For the year 2007-2008, the closing stock purchased prior to 12 months from the date of commencement of the Act as provided u/s.16(2)(iv) shall not be taken into account. Rule 18(7) for compounding dealers when they switch over to pay tax under section 14 and 15(1).
(i) Opening Stock;
(ii) Purchases during the year;
(iii) Sales during the year;
(iv) Closing stock;
(v) Shortage / excess, if any.
A. Raw materials:
(i) opening stock;
(ii) purchases during the year;
(iii) consumption during the year;
(iv) sales during the year;
(v) closing stock;
(vi)* yield of finished products;
(vii)* percentage of yield;
(viii) *shortage / excess, if any,
B. Finished products / By-products:
(iii) quantity manufactured during the year;
(vi) *shortage / excess, if any *- Information may be given to the extent available.
(a) Gross Profit/Turnover;
(b) Net profit / Turnover;
(c) Stock-in-trade / Turnover;
(d) Material consumed / finished goods produced
The statement of particulars furnished above, in my / our opinion and to the best of my / our information and according to explanations given to me / us, are true and correct.
ANNEXURE-I
Details of purchases / receipts during the year .............. (Relates to local purchase of taxable goods)
(Rs.)
No.
Date
Note.- Alternatively, the above Annexure-I can be furnished in e-format.
ACTION POINTS
1. This Form must be filled up and signed by the designated person.
2. Judicial pronouncements may be relied upon in the matter of inclusion or exclusion of any items in the particulars to be furnished under any of the clause.
3. In case there is a conflict of judicial opinion on any particular issue, the view which has been followed may be referred to while giving the particulars under any specified clause.
4. General accounting principles / guidelines issued by the Institute of Chartered Accountants / Cost Accountants should be followed.
5. Relevant changes in law relating to items to be reported on.
6. Rate-wise list of commodities dealt by the dealer covered in this Audit report shall be authenticated and appended with this report.