Check List for Vat Audit of a Works Contractor

CHECK LIST FOR VAT AUDIT OF A WORKS CONTRACTOR WHO OPTED FOR COMPOSITION

PART - A

I. PERSONAL DETAILS OF THE DEALER:

1. Name & Address of the dealer :

2. Status of the dealer

(Whether Proprietary/Partnership/

Public Ltd Co./ Private Ltd Co.etc.) :

3. Name of the person responsible for running

the business/ responding to the department :

4. Names of the Proprietor/Directors/ Partners

of the firm as the case may be : 1.

5. Telephone Nos. : 1.

6. E-mail address :

II. BUSINESS DETAILS OF THE DEALER:

1. TIN of the business :

2. Name of the Circle :

3. Name of the Division :

4. Whether registered U/CST Act :

5. Income Tax PAN No. :

6. Bank account details:

(a) Name of the Bank :

(b) Branch name :

(a) Name of the Bank :

(b) Branch name :

7. Whether having any branches :

8. If so, specify the addresses :

9. Whether having any godowns :

10. If so, specify the addresses :

III. PREVIOUS AUDIT DETAILS:

1. Date of audit last conducted :

2. Name and Designation of the Officer who

conducted the last audit :

3. Period up to which the previous audit was done :

4. Result of the previous audit :

5. If under declaration, whether tax is paid :

6. Whether the dealer has filed Form VAT 213 :

7. If so, whether it is under declaration or over

declaration of tax :

8. If under declaration, whether the dealer has

paid tax :

IV. DETAILS OF ACCOUNTS MAINTAINED:

1. (a) Name of the person in charge of accounts :

(b) Phone No. :

2. Whether the books of accounts are maintained :

3. Whether the accounts are computerized :

4. Whether any statutory Forms are obtained :

If so details of the Forms obtained

S.No. Particulars No Obtained No.Utilized No.Balance

1. Way bills

2. C Forms

3. F Forms

4. H Forms

5. E1 Forms

5. Whether the contractor is paying tax under Section

4(7) (b) or (c) or (d) – composition. :

6. If so, whether he has filed form 250 for each contract :

7. Whether the contractor has paid tax @4% on total

Amount realized in case of Section 4(7) (b) and (C ) :

8. Whether the contractor has paid tax @4% on 25%

of the value of the building contract in case of Sec

4(7)(d). :

9. Whether the contractor has purchased any goods

from out side the state :

10. Whether the contractor has purchased goods from

Non VAT dealers in the State :

11. Whether the contractor has paid tax on outside the

State and non VAT purchases :

12. Whether the contractor has obtained any goods

from outside the State in pursuance of contract :

(Examine the contract agreement)

13. Whether the contractor has claimed exemption on

such purchases :

14. Whether the contractor engaged any sub-

contractor :

15. Whether sub-contractor is registered for VAT :

16. Whether TDS is made against the contractor :

17. If so, whether the contractor has devolved the

the TDS by issuing Form 501B :

18. Major inputs (purchases)( Commodities)

(a) from within the State

(i) from Non VAT dealers

(j) from VAT dealers :

(b) from outside the State :

19. The details of most frequent and voluminous

purchases in the audit period

(a) Name of the dealer from whom purchased :

(b) TIN of the dealer

(Obtain 10 purchase invoices randomly

covering the audit period.)

(d) Quantity / Value of the goods purchased:

(a) Name of the dealer from whom purchased:

(b) TIN of the dealer

(Obtain 10 purchase invoices randomly

covering the audit period.)

(d) Quantity / Value of the goods purchased:

20. Schedule No and entry under which the goods fall:

21. Check whether there are any purchases liable to

Entry Tax

22. If so, whether Entry Tax is paid on such purchases:

23. Whether ITC has been claimed on purchases :

24. If so, furnish the details on separate sheets :

25. Whether there are any Transit purchases :

26. If so, whether any ITC has been claimed on

Transit purchases (furnish details) :

27. Whether any capital goods are purchased from

local VAT dealers/ outside A.P :

28. Nature of capital goods purchased :

29. Whether those goods are available in the

business premises :

30. Whether there are any purchases of negative

list goods :

31. If so, whether any ITC has been claimed on

such negative list goods (furnish details on

separate sheets)

32. Verify whether there are any sales of movable assets :

33. Obtain the financial statements like P&L account

Trading account and Balance sheet and,

Quarterly/Half-yearly/ annual accounts statements :

34. Whether the contractor is engaged in inter state :

Works contracts

35. If so, whether the contractor is paying CST :

36. Whether the contractor is doing any work to a unit in

SEZ, or to a developer, co-developer of SEZ :

37. If so, is the contractor availing Zero rating on such :

Works.

38. Contract details (presently under execution) or for the tax period

Sl.No / Name & Address of the Contractor / Nature of Work / Value of Work / Date of commence-ment of work / Amounts received so far / Balance work on hand

39. Enquire whether the lessor of the machinery

has paid tax U/ Section 4(8)- if not obtain name

and address of the lessor :

40. Profession tax paid

(a) for the firm :

(b) for the proprioter/partner/director :