Form Cc PDF Details

The CC form serves as a critical document under the Puducherry Value Added Tax Ordinance, 2007, specifically designed to streamline the audit process for dealers within this jurisdiction. It meticulously requires the examination of balance sheets and accounts including profit and loss statements for a specified financial year, ensuring that the details are in harmony with the books maintained at the dealer's head office and any branches. The form mandates auditors to report any observations, comments, discrepancies, or inconsistencies, ensuring a comprehensive audit is completed. Furthermore, it is tasked with the certification that proper books of accounts have been maintained, adequate audit returns have been submitted, and that the accounts in question accurately reflect the financial status of the dealer as of 31st March of the reported year. It mandates detailed disclosures about the assessee including names, business addresses, Tax Identification Number (TIN), and the type of business entity it operates as. The form also delves into specifics like assessment year, registration details, changes in the business constitution, details of purchase, stock transfer receipts, sales turnover under the Puducherry VAT and CST Act, 1956, alongside detailed input tax credit information, thereby playing a pivotal role in maintaining fiscal transparency and adherence to compliance norms.

QuestionAnswer
Form NameForm Cc
Form Length10 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 30 sec
Other namesc c form, form cc puducherry sales tax, cc form pdf, cc forms

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FORM-CC

FORM-CC

AUDIT REPORT UNDER SECTION 54 OF

THE PUDUCHERRY VALUE ADDED TAX ORDINANCE, 2007

(See rule 52)

I/We ………………………………… ……….. have examined the balance sheet as

at 31st March……………………….and 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 ……………………………………………..certify 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’s 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.

1.

Name of the Assessee

 

:

……………………………………

2.

Address of Principal place of Business

:

……………………………………

 

 

 

 

……………………………………

3.

Address of other place of business

:

…………………………………….

 

 

 

 

……………………………………..

4.

TIN

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Status i.e. Sole Proprietor/ Partnership

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firm / HUF / Company / Society / Trust/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Others (Specify)

 

:

……………………………………

6.

Assessment Year

 

:

……………………………………

7.Whether the dealer has paid fee for the

renewal of Registration under rule 8

: Yes

 

No

 

8.

Whether the dealer has paid fee for

 

 

renewal of Fee for travelling salesman

 

 

and Representative under rule 13(4)

: Yes

9.Whether any change in the constitution

of the business of the assessee took

 

place during the year

: Yes

No

No

N.A.

10.Specify purchase / stock transfer receipts details (Furnish commodity-wise break-up in each category separately) – (Furnish invoice details of ITC claimed in Annexure – I)

Sl.

Category

 

Turnover

Tax

No.

 

Rs.

Rs.

 

 

1.

Exempted goods

 

 

 

 

 

 

 

 

2.

Goods taxable @ 1%

 

 

 

 

 

 

 

 

3.

Goods taxable @ 4%

 

 

 

 

 

 

 

 

4.

Goods taxable @ 12.5%

 

 

 

 

 

 

 

 

5.

Special rate Goods

 

 

 

 

 

 

 

 

6.

Inter-State purchase

 

 

 

 

 

 

 

 

7.

Stock-transfer Inwards

 

 

 

 

 

 

 

 

8.

Import

 

 

 

 

 

 

 

 

9.

Others (Bought Note etc.,)

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

11.Specify the sales turnover details under Puducherry Value Added Tax Ordinance, 2007: (Furnish commodity-wise break-up in each category separately)

Sl.

Category

Turnover

Tax

No.

Rs.

Rs.

 

1.Exempted goods

2.Goods subject to tax at the rate of 1% at sale point

3.Goods subject to tax at the rate of 1% on the last purchase

4.Goods subject to tax at the rate of 4% at sale point

5.Goods subject to tax at the rate of 4% at the first purchase point

6.Goods subject to tax at the rate of 4% at the last purchase point

7.Goods subject to tax at the rate of 12.5% at sale point

8.Goods subject to tax at the rate of 12.5% at the last purchase

9.Goods subject to tax at the rate of 20% at the first point of sale

10.Goods subject to tax at the rate of 35% at the first point of sale

11.Others (specify)

Total

12.Specify the sales turnover details under the CST Act, 1956 (Furnish commodity- wise break-up in each category separately).

Sl.

Category

Turnover

Tax

No.

Rs.

Rs.

 

1.

Interstate sales under section 8(1)

 

 

 

 

 

 

2.

Interstate sales under section 8(2) (a)

 

 

 

 

 

 

3.

Interstate sales under section 8(2) (b)

 

 

 

 

 

 

4.

Interstate sales under section 8(2) (c)

 

 

 

 

 

 

5.

Interstate sales under section 8(5)

 

 

 

[Specify the notification]

 

 

6.

Sales under section 8(6)

 

 

 

 

 

 

7.

Exports under section 5(1)

 

 

 

 

 

 

8.

Imports under section 5(2)

 

 

 

 

 

 

9.

Penultimate exports under section 5(3)

 

 

 

 

 

 

10.

Stock transfer under section 6-A

 

 

 

 

 

 

11.

Transit sale under section 6(2)

 

 

 

 

 

 

12.

Others (Specify)

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

13.I. Details of Input Tax Credit :- (Details in Annexure-I shall be enclosed)

Sl.

 

 

 

 

 

Purchase/

ITC under the Puducherry Value Added Tax

 

 

 

 

 

Sale value

 

 

Ordinance,2007

 

No.

Details of Credit

 

 

 

excluding

1%

4%

 

12.5%

Others

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

VAT

 

(Specify)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rs.

Rs.

 

Rs.

Rs.

Rs.

1

Opening Balance*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit

entitled

on

 

 

 

 

 

 

 

 

capital

goods

as

 

 

 

 

 

 

 

2

provided

u/r

17(4)

 

 

 

 

 

 

 

subject

to

17(14)(iv)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and 17(19)(iv)

read

 

 

 

 

 

 

 

 

with sec.16 (2).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit

entitled

on

 

 

 

 

 

 

 

3

purchase

of

taxable

 

 

 

 

 

 

 

goods

subject

to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

section 16(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase Turnover

 

 

 

 

 

 

 

4

u/r.14(3)

excluding

 

 

 

 

 

 

 

 

sugarcane

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Output Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

Others

 

 

 

 

 

 

-

 

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

Sub-total (1 to 6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8Zero rated sale u/s 21 of PVAT

9Sale of exempted goods u/r 17(14)(i) and (iii)

10Local sale [u/s 4(2) of the CST Act, 1956]

11Sale of goods at concessional rate u/r 17(3) (v)(b)

12Others

13ITC Reversal

14Total of col.

(10 to 13)

Net VAT payable if column 14 exceeds column 7

15ITC carried forward if column 7 exceeds column 14

16Special Rate Tax due (if any) including tax due on purchase of sugarcane

* - For the year 2007-2008, the closing stock purchased prior to 12 months from the date of commencement of the Ordinance 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).

14.

Whether the dealer has paid the

 

 

VAT / Sales Tax due on due date,

 

 

if not paid, whether the dealer has

 

 

paid applicable penalty for the delayed

 

 

payment u/s. 37(4)

: Yes

15.Whether the dealer has deducted / paid

TDS u/r 30

: Yes

16.Whether any tax / penalty / fees which have

not reported on account of any dispute

 

under PVAT Ordinance, 2007 / CST Act,

 

1956.

: Yes

17.Whether the dealer is regular in depositing

with appropriate authorities in the U.T. of

 

Puducherry undisputed statutory dues

,

 

income tax, VAT / sales tax , wealth tax,

 

 

custom duty, excise duty, cess and other

 

material statutory dues applicable to it.

:

Yes

18. Whether according to the information and

 

explanations given, any undisputed

 

 

amounts payable in respect of income tax,

 

wealth tax, sales tax / VAT in other States,

 

customs duty, excise duty and cess were in

 

arrears, as at ……… for a period of more

 

than six months from the date they became

 

payable.

:

Yes

19.Whether according to the information and

 

explanation given, are there any

 

 

 

dues of Sales Tax / VAT in other States,

 

 

 

income tax, customs duty, wealth tax, excise

 

 

 

duty and cess which have not been deposited

 

 

 

on account of any dispute.

:

Yes

20.

Whether the dealer is having any arrear of tax

:

Yes

 

PVAT / CST

 

 

21.

(a) In the case of a trading concern, give

 

 

 

 

quantitative details of principal items of

 

 

 

 

goods traded:

 

 

 

(i)

Opening Stock;

 

 

 

(ii)

Purchases during the year;

 

 

 

(iii)

Sales during the year;

 

 

 

(iv)

Closing stock;

 

 

 

(v)

Shortage / excess, if any.

 

 

No

No

No

N.A

No

No

No

No

22.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 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:

(i)opening stock;

(ii)purchases during the year;

(iii)quantity manufactured during the year;

(iv)sales during the year;

(v)closing stock;

(vi)*shortage / excess, if any

*- Information may be given to the extent available.

23.Accounting ratios with calculations as follows:-

(a)Gross Profit/Turnover;

(b)Net profit / Turnover;

(c)Stock-in-trade / Turnover;

(d)Material consumed / finished goods produced

24.Whether all the purchases/ sales are supported by bills, invoice etc.,

if not, give details.

:

Yes

25.Whether the Auditor has come across any

payment of penalty or fine for violation

 

 

of any law for the time being in force

:

Yes

26.Whether the Auditor has come across any violation of the Puducherry VAT Ordinance, 2007 / CST Act, 1956 or

Rules made thereunder during the

 

course of audit.

Yes

No

No

No

27.Whether the auditor has come across

any excess collection

:

Yes

No

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.

 

 

 

 

 

 

………………

 

 

 

 

 

 

 

Signature

 

 

 

Place………………….

 

 

 

Name:

 

 

 

 

 

 

 

 

 

CA./ICWA Membership No:

Date…………………..

 

 

 

Address:

 

 

 

 

 

 

ANNEXURE-I

 

 

 

 

Details of purchases / receipts during the year …………………. (Relates to local

 

purchase of taxable goods)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sl.

Name of the

Seller’s

Commodity

 

Purchase

Rate of

 

VAT

No.

seller

TIN

Invoice

Invoice

 

/ Receipt

tax

 

Paid

 

 

 

No.

Date

 

value

 

 

(Rs.)

 

 

 

 

 

 

(Rs.)

 

 

 

(1)

(2)

(3)

(4)

(5)

 

(6)

(7)

 

(8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.