FORM - WW
[See rule 16-A]
Audit Report under section 63-A of the Tamil Nadu Value Added Tax Act, 2006
Certified that I / we being a Chartered Accountant / Cost Accountant have audited the accounts of ..................... (Name and address of the dealer) having registration number (TIN) ................ for the year ending 31st March................. and subject to my / our observations and comments about non-compliance, shortcomings and deficiencies in the returns filed by the dealer, as given in the attached report,
1. the books of accounts and other related records and registers maintained by the dealer are sufficient for the verification of the correctness and completeness of the returns filed for the year;
2. the total turnover of sales declared in the returns includes all the sales effected during the year;
3. the total turnover of purchases declared in the returns includes all the purchases made during the year;
4. the deductions from the total turnover including deduction on account of sales returns claimed in the returns are in conformity with the provisions of the law;
5. the adjustment to turnover of sales and purchases is based on the entries made in the books of account maintained for the year;
6. the classification of goods sold, rate of tax applicable and computation of output tax and net tax payable as shown in the return is correct;
7. the computation of classification of goods purchased, the amount of input tax paid and deductions of input tax credit claimed and reversed in the return is correct and in conformity with the provisions of law;
8. the utilization of statutory forms under the Tamil Nadu Value Added Tax Act ,2006 and the Central Sales Tax Act, 1956 is for valid purposes; and
9. other information given in the returns is correct and complete.
Summary of the additional tax liability or additional refund due to the dealer on audit for the year are as follows:-
(in Rs.)
(in Rs.")
1
2
3
4
5
6
7
8
9
The tax liability of the dealer for the Assessment Year .............. is arrived at as below:-
(after all adjustments)
The dealer has been advised to *|
(i) File revised returns for the period/month .........[See rule 7(9)]
(ii) Pay differential tax liability of Rs ......................with interest of Rs ............ and penalty of Rs ..........,
(iii) Reverse Input Tax Credit of Rs ......... in the Monthly Return of.........
(iv) Claim refund of Rs ........................
* (Note: Strike out whichever is not applicable.)
Enclosures:
(1) Annexure to Form-WW
(2) Descriptive Report of Non-compliance, Shortcomings and Deficiencies in the returns filed by the dealer
(3) Copies of Trading and Profit and Loss account and Balance Sheet
ANNEXURE
Statement of particulars required to be furnished under section 63-A of the Tamil Nadu Value Added Tax Act, 2006
PART-A.
GENERAL INFORMATION *
[State here whether Manufacturer/ Trader/Works contractor/ Lessor/ Agent/Hotelier/ others (specify)]
10
11
PART-B.
12
* Mention the rate of tax
@ Provide the description of goods
13
* VAT paid details to be furnished.
14. Details Of Input Tax Credit Reversal/ Adjustment
14
15
16
17
18
19
15. Turnover under the Central Sales Tax Act, 1956
16. (A). Details of Input Tax Credit availed on purchase of Capital Goods (Other than Parts and Accessories)
%
16. (B). Total Input Tax Credit on Capital Goods
7. Details of delayed filing of Returns / Payment of Taxes
18 (a) In the case of a trading concern, give quantitative details of principal items of goods traded:
(i) opening stock;
(ii) purchases during the previous year;
(iii) sales during the previous year;
(iv) closing stock;
(v) shortage/excess, if any.
(b) In the case of a manufacturing concern, give quantitative details of the principal items of raw materials, finished products and by-products :
(A) Raw materials:
(iii) consumption during the previous year;
(iv) sales during the previous 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 previous year;
(vi) shortage/excess, if any.
* information may be given to the extent available.
19. Calculate the following ratios:-
(a) Gross profit/Total Sales turnover (Local and Inter-State)
(b) Net Profit/ Total Sales turnover (Local and Inter-State)
(c) Closing Stock/ Total Sales turnover (Local and Inter-State)
(d) Material consumed/ Finished goods produced.