VAT

Special audit of UP VAT refunds issued in FY 2016-17 and 2017-18 till July 2017 ordered

Special audit of UP VAT refunds issued in FY 2016-17 and 2017-18 till July 2017 ordered where single refund amount was Rs 10 lakhs or more.

Special audit of UP VAT refunds 

Commissioner , Uttar Pradesh Commercial Tax has issued order for special audit of refunds issued during FY 2016-17 and FY 2017-18 (till July 2017) wherever the amount of a single refund was Rs. Ten lakhs or more.

The office order dated 21st August, 2017 which has been issued in this respect states that it had been repeatedly instructed that before grant of the refund, its verification by the concerned official is mandatory.

The letter also states that from the preliminary investigation of files related to large amount of refunds in connection with the refund of Rs. 22.11 crores granted in Kanpur, it has come to light that few such refunds have been granted in which firms related to purchases were non-existent. Information of verification was sent to wrong zone officer. In the documents presented by the Exporters, there is difference in the places of exports. Showing purchase at higher rate, the goods has been sold at a lesser price. Documents sent for verification did not include details of all invoices related to purchases. This situation is very serious and represents poor monitoring of the supervising officials.

The letter instructs that the said special audit must be completed by 20th September, 2017 and recommendation for action to be taken against the defaulting officials should be sent by 15/10/2017.

 

 

Share

Recent Posts

  • Prevention of Corruption Act

CBDT Instruction can not absolve persons to explain source of gold within limits specified – SC

Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…

9 hours ago
  • ICSI

Empanelment of General Observers for ICSI Examinations December 2026. Last date 16.11.2026

Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…

2 days ago
  • Income Tax

ITAT address some important issues relating to deduction u/s 80IA

ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…

2 days ago
  • Income Tax

Mere carry forward of loss can not be denied for belated return – ITAT

Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…

1 week ago
  • Income Tax

Sales duly recorded in books & VAT returns, can’t be held bogus without cogent adverse material

Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…

2 weeks ago
  • Income Tax

ITAT allows Diwali expenses incurred by assessee as business expenses

Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…

2 weeks ago