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TMI BlogKVAT Act 2003- Works Contracts-Assessments — reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... is granted and assessments are completed by accepting the return figures without any corroborative evidence to establish exemptions. The officers are not sending pre assessment notices therefore the dealers are not filing statutory forms, the cases are going time bar and such things have been going on. This could have resulted in huge revenue losses to the State exchequer. Another thing noticed is that the scrutiny and assessment are pending and many cases are now time barred. As CST is implemented, it is important that all pending VAT assessment especially in Works Contracts should be completed in time bound manner to ensure that no case becomes time bar and tax due is collected in time. In order to streamline the works the following instructions shall be meticulously followed - A. Strategy 1. Completion of scrutiny and assessment of various years 2. Passing of modified orders on the basis of Appellate orders 3. Fresh disposal of remanded cases 4. Disposal of LAR cases B. Action Plan a. Updation of Assessment files b. Submission of the following statutory forms/ certificates i. Form No 20 H in the case of amount given to Sub Contractor ii. Trading and profit and l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otices and orders to be uploaded in Peer review module. 14. Dy. Commissioners shall assess and monitor submission of all statutory documents by the dealers in time. They shall report the same every week. 15. All supervisory officers shall give approval of the draft notices and orders only after thorough verification of the details. 16. All supervisory officers shall verify completed assessments cases exemption given based on the filing of statutory documents, tax rates and application. SCRUTINY OF COMPOUNDED DEALERS IN WORKS CONTRACT Sl.No. Nature of Defect Result of Verification Source of Verification I Eligibility for Compounding: 1. Whether compounding application filed Yes/No KVATIS >Dealer Information (If no proceed to scrutiny of non-compounded dealers) >Online applications > Year>Compounding application. 2. Type of compounding application filed Annual/Work wise KVATlS>Dealer Information (If work wise compounding opted verify list of non-compounded works if any and proceed to scrutiny of non-compounded dealers for such works) >Online applications > Year >Compounding application >whether compounded for all works>Yes/No. 3. Whether Compounding application ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount of work declared in Audit Report. 3. Gross Contract amount of work as per Agreement and schedule filed. 2. Whether awarder supply is included in whole contract amount Yes/No 1. Cross Contract amount of work declared in Returns. 2. Awarder supply in P&L A/c. 3. Agreement. 3. Whether balance contract amount carry forwarded to current year. Yes/No 1. Part A - Details Of ongoing contracts in Previous year return-Balance outstanding with Amount received up to the previous quarter in Current year return. 2. Part A - Details of ongoing contracts in Previous year return-Balance outstanding with Contract Receipts - new and old contract in Audit Statement. 4. Whether 6(2) tax applicable and paid (01.04 2014 to 02.09.2014) Yes/No 1. Agreement and schedules filed. 2. Part BA in Return. 5. Whether 6(2) purchase comparable with nature of work. Yes/No 1. Part BA in Return. 2.Unregistered Purchase in P&L A/c. 6. Whether liable to pay tax on Inter - state purchases. Yes/No 1. Part E of Return - Inter-state purchases with tax liability. 01.04.2009 to 31.03.2014) 2. Inter-state purchase as per KVATIS data. Import Details: 1. KVATIS>Return>Select Return of the dea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther Awarders. 2. Nature Of work declared in Audit Report. (c) Builder 3. Nature of work as per Agreement and schedule filed. 2. Whether compounding application filed Yes/No KVATIS>Dealer Information (If no proceed to scrutiny of compounded dealers) >Online applications > Year>Compounding application. 3. Whether sale of goods Yes/No 1. Nature Of work declared in Part A of Returns. (sales proceed as per rule 10) 2. Nature of work declared in Audit Report. 3. Nature of work as per Agreement and schedule filed. 4. Nature of Work Civil, Electrical, etc. 1. Nature of work declared in Returns. 2. Nature of work declared in Audit Report. 3. Nature of work as per Agreement and schedule filed. I. Contract Value/Taxable turnover 1. Whether whole contract amount declared is correct Yes/No 1. Cross Contract amount of work declared in Returns. 2. Gross Contract amount of work declared in Audit Report. 3. Gross Contract amount of work as per Agreement and schedule filed. 2. Whether awarder supply is included in whole contract amount Yes/No 1. Gross Contract amount of work declared in Returns. 2. Awarder supply in P&L A/c. 3. Whether balance contract amount car ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he dealer>Parcel transactions>Period. 3. KVATIS>Returns>Select Return of the dealer>Form 8FA>Period. 4. KVATIS>Return>Select Return of the dealer>Unaccounted purchases>Period. 5. Purchases as per P&L A/c. 2. Un accounted works Yes/No 1. Works declared in Part A of Returns and Contract Receipts in Audit Statement. 2. Unaccounted sales invoices: Returns>Invoice Verification >Sales>Unaccounted. 3. TDS statement in KVATIS: Return>Reports>Works Contract>Awarder details. 4. Form 26 AS from IT Department. 5. Bank Account. 6. IT Return. 3. Delivery Note used. Yes/No 1. KVATIS>Returns>Select Return of the dealer>Delivery Note> Period. (If yes verify with location of works) V. TDS Verification 1. TDS claim if any Yes/No 1. Return -summary column. 2. Proof for TDS claim filed. Yes/No 1. Form 20 F. VI. IPT Claim verification 1. Whether IPT credit claimed is correct. Yes/No 1. Returns>IPT as per Part E. 2. Returns>Invoice verification>IPT comparison. 3. Returns>Invoice verification>Purchases>Build from others>IPT total. 2. Whether IPT claimed on purchases effected for compounded works. Yes/No 1. Verify whether contractor is having compounded and non-compou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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