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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.

Name of the Assessee

……………………………………

Address of Principal place of Business

……………………………………

Address of other place of business

…………………………………….

……………………………………..

TIN

Status i.e. Sole Proprietor/ Partnership

Firm / HUF / Company / Society / Trust/

Others (Specify)

……………………………………

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

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.	Category		Rs.	Rs.
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.	Category	Rs.	Rs.
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

12.5%

Others

Total

VAT

(Specify)

Rs.

Opening Balance*

Credit

entitled

capital

goods

provided

u/r

17(4)

subject

17(14)(iv)

and 17(19)(iv)

read

with sec.16 (2).

Credit

entitled

purchase

taxable

goods

subject

section 16(2)

Purchase Turnover

u/r.14(3)

excluding

sugarcane

Output Tax

Others

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.

N.A

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

27.Whether the auditor has come across

any excess collection

Yes

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.

Question	Answer
Form Name	Form Cc
Form Length	10 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min 30 sec
Other names	c c form, form cc puducherry sales tax, cc form pdf, cc forms

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