Sales Tax Instructions

Sales Tax Instructions, 2009
4. Annexure No. III
Yes/No
The audit findings have been explained properly, giving
detected amounts.
The figures are cross-referenced and detailed.
The rates of Sales Tax applied have been indicated giving all
calculations and then the conclusions.
5. Summary:
Yes/No
Has a summary been extracted of all the audit findings?
Have you checked additions and calculations?
6. a) Sections contravened listed? Do you agree? Yes/No
b) Suspected transactions have been detailed properly, Yes/No
any other work to be performed.
7. Where applicable:
Yes/No
Financial accounts/Audited accounts & Income Tax declared
accounts been reconciled with sales tax record.
8. Manufacturers:
Yes/No
Have cost accounts been looked into from angle of capacity
Vs. Sales or production declared
Vs. Actual production (Energy basis/integral component
basis/or any other basis.
Exempt raw material been examined?
Yes/No
Sales of scrap/wastage.
Yes/No
Other sales consisting supplies under Sales Tax Act. Yes/No
9. Fraudulent Refunds:
Yes/No
Have you considered all possible angles?
10. Do the audit findings lead you to other Collectorates Yes/No
confirmations/ other areas list work done or directions issued
and the findings.
11. Has the Business/Manufacturer premises been visited by the Yes/No
Auditor, his observation if any been looked into?
12. Physical stocks verification been carried out. Details! Yes/No
13. Have you considered imports verification from Custom‘s Yes/No
record?
14. Have you checked the language of the audit observations? Yes/No
15. List hereunder any other work that should be performed after
your review of the audit report.
Signed: ______________________
Designation: ___________________
Date: ________________________
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APPROVER‘S CHECK LIST