Audit Reports

In October 2005, Uttarakhand Government responded to the Twelfth Finance Commission's recommendation by legislating its "Fiscal Responsibilities and Budget Management Act (FRBM)." It sets out a reform agenda through fiscal correction path in the...

In Karnataka, fiscal reforms and consolidation were brought to the forefront with the State Government formulating the first Medium Term Fiscal Plan (MTFP) for the period 2000-05 based on broad parameters of fiscal correction laid down by the...

This Report contains 26 paragraphs including three reviews pointing out non-levy or short levy of tax, interest, penalty, revenue forgone, etc., involving Rs. 336.61 crore. Some of the major findings are mentioned below: Total revenue receipts of...

The State Government enacted the Kerala Fiscal Responsibility Act, 2003 with a view to ensure prudence in fiscal management and fiscal stability by  progressive elimination of revenue deficit and sustainable debt management  consistent...

This Report contains a review on 'transition from sales tax to VAT in Kerala' involving Rs. 295.24 crore. Some of the major findings are mentioned below.   The percentage of growth of revenue showed an inconsistent trend throughout the pre-VAT...

This Report contains 44 paragraphs including three reviews on cross A erification of purchase/sale effected under KGST/KVAT/CST acts, package for effective administration of registration laws (PEARL) in the registration department and recovery of...

Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by the CAG. These accounts are also subject to supplementary audit conducted by the ...

Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by CAG. These accounts are also subject to supplementary audit conducted by CAG....

Recognising the importance accorded by the Planning Commission, Government of India for a district-centric approach to devolution of finances for an integrated local area development, a district centric audit of Sirmaur district was carried out to...

In April 2005, Himachal Pradesh Government responded to the Twelfth Finance Commission's recommendation by legislating its "Fiscal Responsibilities and Budget Management Act (FRBM)." It sets out a reform agenda through fiscal correction path in the...