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 return 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 reserved in the return is
correct and in conformity with the provisions of law;
8. The
utilisation of statutory forms under the Tamilnadu 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:-
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Sl.
No.
(1)
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Particulars
(2)
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Amount As
Per Return
(in Rs.)
(3)
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Correct amount determined in
audit as per accounts (in Rs.)
(4)
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Difference (in Rs.)
(5)
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1.
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Output tax payable under the TamilNadu
Value Added Tax Act, 2006
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2.
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Purchase tax payable under sections 11
and 12 of Tamilnadu Value Added Tax Act, 2006
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3.
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Tax Payable under the Central Sales
Tax, 1956
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4.
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Input Tax Credit claimed
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5.
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Ineligible Input Tax Credit reversed
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6.
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Net Input Tax Credit available for
adjustment
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7.
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Refund Claimed
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8.
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(a) Input Tax Credit adjusted against Value Added Tax
(b) Input Tax Credit Adjusted against Central Sales Tax
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9.
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Any other item (Specify)
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The Tax liability of the dealer for the Assessment
year……….. is arrived at as below:-
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Act
(1)
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Tax Due
(after all adjustments)
(2)
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Tax paid
(in Rs.)
(3)
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Balance / Excess
(4)
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Tamil Nadu Value Added Tax
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Central sales Tax
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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.)
Place: Signature:
Date: Seal Name:
Enrolment
/ Membership No………
Enclosures:
(1) Annexure to Form-WW
(2) Descriptive Report of Non-compliance,
Shortcomings and Deficiencies in the return 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 *
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1
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Name
of the dealer
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2
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Tax
payer identification No.(TIN)
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3
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Central
Sales Tax (CST) Registration No.
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4
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Address
(within Tamil Nadu)
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Principal
Place of Business
Other
Places
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5
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Nature
of Business:
[State
here whether manufacturer/Trader/Works
contractor/Lessor/Agent/Hotelier/Others (specify)]
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6
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Constitution
of the business
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7
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Name
and Address of the proprietor/Partners/Directors as on 31.03…..
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Sl.No
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Name and Address
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Designation
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8
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Details
of Registration with other Departments
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(a)
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Income
Tax PAN No.
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(b)
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Central
Excise Registration No.
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(c)
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Service
Tax Registration No.
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(d)
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Import
Export Code No.
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(e)
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Corporate
Identity No.
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9
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Pariculars
of all Bank accounts of the
dealer*
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(a)
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Name
of the Bank & Branch
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(b)
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Account
No.
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10
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List
of Books Of Accounts to be Maintained*
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11
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List
of books of accounts examined*
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*If Space is insufficient attach the
Details in a separate sheet
PART
– B
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12
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Computation
of Turnover assessable under the Tamil Nadu Value Added Tax Act, 2006
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Category
(1)
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Turnover
(in Rs.)
(2)
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Rate
Of Tax
(3)
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Tax (in Rs.)
(4)
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(i)
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First
Schedule – Part A
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(ii)
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First
schedule – Part B
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(iii)
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First
Schedule – Part C
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(iv)
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Works
Contract turnover under section 6*
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(v)
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Turnover
under Section 7(1)(a)
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(vi)
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Turnover
under Section 7(1)(b)
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(vii)
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Goods
sold at a concessional rate of tax (Covered by a notification)*
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(viii)
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Second
schedule Goods * @
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(ix)
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Others,
if any, specify *@
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(A)
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Total Sales
Turnover liable to tax under Tamil Nadu Value Added Tax Act, 2006[(i) to
(ix)]
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(x)
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Purchases
liable to be Taxed under Section 11
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(xi)
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Purchases
liable to be Taxed under Section 12
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(B)
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Total Purchase
Turnover liable to tax under Tamil Nadu Value Added Tax Act, 2006[(x) + (xi)]
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(C)
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Total Taxable
Turnover under Tamil Nadu Value Added
Tax Act, 2006[(A) + (B)]
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(xii)
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Turnover
within the state, of goods specified in the fourth schedule to the Tamil Nadu
Value Added Tax act, 2006 @
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(xiii)
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Turnover
Within the state, of goods which are
exempted by Notification @
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(xiv)
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Zero
– rated sales within the state
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(xv)
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Others,
if any (Specify)
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(D)
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Total Exempted
turnover [(xii) to (xv)]
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Total Turnover
under Tamil Nadu Value Added Tax Act, 2006[(C+D)]
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*Mention the rate of Tax, @ Provide the
Description of goods
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13.
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Computation
of Purchases
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Value (in Rs)
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Value Added Tax Paid (in Rs.)
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(a)
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Local Purchases from
(i)
Registered Compounding Dealers
(ii)
Registered Annual Return Filers
(iii)
Other Registered Dealers*
(iv)
Unregistered Dealers
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(b)
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Inter- State purchases
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(c)
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Imports into India
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(d)
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Inter- State Stock Transfer
(inward)
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(e)
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Others, if Any, Specify*
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Total
Purchases Turnover (including stock Transfer) [sum of (a) to (e) above]
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*Vat
paid Details to be furnished
14. Details of Input
Tax Credit Reversal / Adjustment
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Sl.
No
(1)
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Nature
of Transactions
(2)
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Relevant
Section / Rule
(3)
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Purchase
Value (net of tax) (in Rs.)
(4)
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Tax
Paid
(in
Rs.)
(5)
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Reversal
/ Adjustment of Input Tax Credit
(6)
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Remarks
*
(7)
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1.
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Goods
used for Civil structures
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Section
2(11)
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2.
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Goods
utilised for Self Use
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Section
19(7)(a)
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3.
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Purchase
of automobiles and spare parts other than a dealer in Automobiles
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Section
19(7)(b)
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4.
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Purchase
of Air-Conditioner other than a dealer in Air-conditioner
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Section
19(7)(c)
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5.
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Goods
given as gift, Free Sample
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Section
19(8)
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6.
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Goods
lost on theft, loss, etc.
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Section
19(9)(i)
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7.
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Inputs
Destroyed in fire or lost
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Section
19(9)(ii)
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8.
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Inputs
damaged in transit or destroyed before manufacture
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Section
19(9)(iii)
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9.
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Unavailed
credit on Capital goods (time – Barred)
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Section
19(3)(b)
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10.
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Consignment
sales with ‘F’ Form
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Sec.19(4)
(i) & (ii)
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11.
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Stock
transfer with ‘F’ Form
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Sec.19(4)
(i) & (ii)
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12.
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Purchases
for production of Exempted goods (finished)
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Section
19(5)(a)
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13.
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Inter
- state sale without ‘C’ Form
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Section
19(5)(c)
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14.
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Purchase
return
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Sec.
14(i)
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15.
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Input
Tax Credit availed for finished goods subsequently exempt
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Section
19(12)
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16.
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Consignment
Sales without ‘F’ form
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17.
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Stock
Transfer without ‘F’ Form
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18.
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Purchase
of capital goods used in the manufacture of exempted goods
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Section
19(6)
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19.
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Others
(if any,Specify)
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TOTAL
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*If
Space is insufficient attach the details in a separate sheet.
15.
Turnover under the Central Sales Tax Act, 1956
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Category
(1)
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Turnover
(in Rs.)
(2)
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Rate
of Tax
(3)
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Output
Tax (in Rs.)
(4)
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(a)
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Inter
– State sales with ‘C’Form
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(b)
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Inter
– State sales without ‘C’Form
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(c)
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Consignment
Sales and/or Stock transfer without ‘F’ form
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(d)
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Pre-export
sales without ‘H’ form
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(e)
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Any
Other taxable sales not covered by declaration forms/ certificates/ documents
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(A)
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Taxable
Turnover under Central Sales tax Act [(a) to (e)]
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Add:
Exempted Turnover
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(f)
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Sales
Under Section 5(1)
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(g)
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Sales
Under Section 5(2)
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(h)
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Sales
Under Section 5(3)
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(i)
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Inter
- state consignment sales and Stock
transfer
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(j)
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Inter
– state sales to Specific Economic Zone
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(k)
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Transit
sales
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(l)
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Sale
of Exempted Goods
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(m)
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Any
other sales exempted
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(B)
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Total Exempted
Turnover Under Central Sales Tax Act[(f) to (m)]
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(C)
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Total Turnover
Under Central Sales Tax Act [(A) + (B)]
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16.
(A).Details of Input Tax Credit availed on purchase of Capital goods (Other
than Parts and Accessories)
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Sl. No
(1)
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Month & Year Of Purchase
(2)
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Date of Commencement of Commercial
Production
(3)
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Input tax credit Claimed
(4)
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First Year from which input tax credit
can be adjusted
(5)
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Input tax Credit Adjusted
(6)
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Input tax credit lapsed
(7)
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Input tax credit carried forward
(8)
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First Year
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Second Year
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Third Year
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Amt
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%
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Amt
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%
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Amt
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%
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16.
(B). Total Input Tax Credit on Capital Goods
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Sl. No.
(1)
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Description
(2)
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Eligible Input Tax Credit brought
forward from the Previous Year
(3)
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Input tax credit adjusted in the
current year
(4)
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Input tax credit Lapsed
(5)
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Input Tax credit eligible to be
carried forward to the next year
(6)
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1
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Capital Goods
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2
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Parts and Accessories
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Total
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17.
Details of delayed filing of Returns / Payment of Taxes
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Sl.
No
(1)
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Month to which the return relates
(2)
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Due date of filing
(3)
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Date of filing
(4)
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Date of payment of tax
(5)
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Number of days delayed
(6)
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Tax amount
(7)
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Interest Due
(8)
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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:
i.
Opening stock;
ii.
Purchases during the
previous year;
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:
i.
Opening stock;
ii.
Purchases During the
previous year;
iii.
Quantity Manufactured
during the Previous Year;
iv.
Sales During the
previous year;
v.
Closing Stock;
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.
sudden become absolute necessity when you apply for a home loan. The crunch for adequate funds has ensured that the need for home loans remain gyrating. The gap between the property amount and actual cash in hand is filled with the help of housing loans.
