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Audit Reports

Compliance
Punjab

Report No. 3 of the year 2021 - Audit Report on Revenue Sector for the year ended 31 March 2020, Government of Punjab.

Date on which Report Tabled:
Wed 29 Jun, 2022
Date of sending the report to Government
Tue 02 Nov, 2021
Government Type
State
Sector Taxes and Duties

Overview

This Audit Report comprises five chapters incorporating 13 paragraphs. Chapter-I contains overview of Revenue collection in the State, Chapter-II contains audit observations relating to Taxes on Sales and Trade and Goods and Services Tax, Chapter-III contains audit observation relating to State Excise, Chapter-IV contains audit observations relating to stamp duty and registration fee which includes one Subject Specific Compliance Audit Paragraph on “Remissions from payment of Stamp Duty and Registration Fee”, Chapter-V contains audit observation relating to Taxes on vehicles. Total revenue implication of the Report is ₹ 333.96 crore.

The total receipts of the State Government for the year 2019-20 were ₹ 61,574.75 crore. The Government raised ₹ 36,648.87 crore comprising tax revenue of ₹ 29,994.79 crore and non-tax revenue of ₹ 6,654.08 crore. The State Government received ₹ 10,345.85 crore as State’s share of divisible Union taxes and ₹ 14,580.03 crore as Grants-in-aid from the Government of India.  

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