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FORM VAT- XV (*NEW)

FORM VAT- XV

[See rule 42 ]

Audit Report under sub-section (1) of section 70 of the Goa Value Added Tax Act, 2005 (Act 9 of 2005) in a case where the accounts of the business have been audited under any other law.
1.    *I/We report that the statutory audit of ______________________________________ (mentioned name and address of the dealer/person) holding Tax Identification No.________________ under Goa Value Added Tax Act, 2005 and registration no.______ under the Central Sales Tax Act, 1956 was conducted by
me/us/M/s ___________________________________________________Chartered Accountants in pursuance of the provisions of section ___of ____________________Act ____ and we hereto annex a copy of our/their audit report dated __________along with all the annexures and a copy each of:-

(a) the audited profit and loss/income and expenditure account for year ended on ________________;

(b) the audited balance sheet as at ___________; and

(c) documents declared by the said Act to be part of, or annexed to, the profit and loss/income and expenditure account and balance sheet.
2.The statement of particulars as required to be furnished under section 70 of the Goa Value Added Tax Act, 2005 and Goa Value Added Tax Rules, 2005 are given in Annexure 'A' thereto. We report our observations/comments /discrepancies/inconsistencies., if any , as under : ______________ _______________Subject to the above in our opinion and to the best of our information and according to the explanations given to us, the particulars given in the said Form VAT XV and annexure thereto are true and correct.
 

For _________________

Chartered Accountant Name Proprietor/Partner

Membership No.____________

Address___________________________

________________________________
 
Place:

Date:

*Strike off which ever is not applicable.
 
Annexure 'A' to Form VAT - XV

Statement of particulars required to be furnished. under sub-section (1) of section 70 of the Goa Value Tax Act, 2005 (Act 9 of 2005)
PART - A
 1. Name of the dealer/person:

2. Address(Principal place of business):

3. Tax Identification No. under VAT Act: Registration No. under CST Act

4. Constitution of the dealer:

5. a) Income Tax PAN No:

b) Central Excise Registration No.:

c) Service Tax Registration No.:

6. Period under Audit:

7. Address of all branches and manufacturing units within the State

8. Address of all branches and manufacturing units outside the State:

9. Nature of business - resale/ manufacture / importer / exporter / works contractor / lessor / others(please specify):

10. Change in the nature of business (If any during the year): (the brief particulars of such change)

11. Changes in the constitution during the year: (the brief particulars of such change)

12. a) Books of account maintained: (incase books of account are maintained in a computer system, mention the books of accounts generated by such Computer System)

b) List of books of account examined:

c) Method of accounting followed and brief particulars of change, if any.

d) Method of valuation of stock and brief particulars of change, if any.

13. Classes of main goods dealt with by the dealer:

14. Particulars of main operating bank accounts Name of bank Branch Account No.
 
 
PART - B

WITHIN STATE SALES

15. Gross turnover of sale as per books of accounts.
 
ParticularsSales (Rs.)
a. Gross sales  
Add:b. Goods returned debited to accounts 
c. Excise collection (if separately not credited to sales account) 
d. Sales of capital goods  
e. Other sales  
f. Other adjustment (if any), specify 
TOTAL(a to f) 
Less:g. Tax (VAT/CST) 
h. Goods returned in the prescribed manner within the prescribe time  
i. Labour charges incase of works contract (if included in (a) above) 
j. Other adjustments (if any), specify 
GROSS TOTAL TURNOVER UNDER THE ACT 
Less:k. Turnover of exempted goods within the State 
l. Sales on which no tax is leviable (SEZ etc.) 
m. Turnover of export/import or in the course of export/import outside the country covered by section 5 (1), 5 (2) and 5(3) of the Central Sales Tax Act, 1956 
n. Interstates sales  
o. Value of interstate branch transfers/consignment transfers 
p. Other deduction (if any, pl. specify) 
q. BALANCE TURNVOER 
 16 A. DETERMINATION OF OUTPUT TAX SALES
 
RATE OF TAX
TURNOVER
OUTPUT TAX
   
1%  
4%  
12.5%  
20%  
Others  
   
   
TOTAL  
*Note: (Total taxable turnover to match with total turnover of sales as per 15q16 B. TOTAL TAX COLLECTED IN THE YEARa. Under the Goa Value Added Tax Act:b. Under Central Sales Tax Act:
 17. DETERMINATION OF INPUT TAX CREDIT
 
17 A. ON CAPITAL GOODS
RatePurchasesInput tax for the yearB/F from the previous yearReverse tax (if any)C/f to next yearAdmissible input tax credit for the year
       
       
       
       
TOTAL*      
 17 B. ON OTHER GOODS
 
Rate of tax
Purchases
Input tax
Reverse tax
Balance input tax
     
     
     
     
TOTAL*    
*Note: Total of turnover under column 17A + 17B to match with 17C
 17 C. ADMISSIBLE INPUT TAX CREDIT FOR THE YEAR
 
(i) On capital goods for the year (as per 17A.above) 
(ii) On other goods : 
a) Brought forward from previous year 
b) For the year as per 17B. above 
TOTAL 
Less:No credit since sales are exempted 
Deduction on account of interstate branch transfer/consignment transfer etc (upto 4%) 
NET INPUT TAX CREDIT AVAILABLE FOR THE YEAR 
 18. TAX LIABILITY
 
Output tax for the year (Total as per 16A above) 
Less: Input tax credit for the year (as per 17C above). 
Less: 75% under the Net Present Value Compulsory Payment Scheme 2005 
EXCESS OF ITC/BALANCE OF TAX PAYABLE  
Add: Interest payable under section 55 of the Act for delayed payment of tax. 
Total Tax payableTax paid on #- ## #- #-Excess of ITC/Balance of Tax Payable 
 19. TURNOVER DISCLOSED IN RETURN AND TAX PAID
 
Sr. No. ParticularsReturn column referenceQ.1Q.2Q.3Q.4Total
1. Total sales       
2. Total deduction      
3. Balance taxable turnover      
4. Total output tax       
5. Total input tax credit availed      
6.75% deduction under Net Present Value Compulsory Payment Scheme,2005      
7.Balance Tax Payable      
8.Amount of tax paid during the period      
 20. Give reconciliation/reason for difference, if any, in taxable sales, tax liability and input tax credit as per books and as disclosed in return.
 21. Whether there is delay in payment of tax, if yes, please give particulars as under.
 
Sr. No.
Period for which due
Due date
Date of payment
Amount
Delay
Interest payable
       
       
       
       
 22. Whether there is delay in returns: If yes, please give particulars as under
 
Period of returnDue dateDate of filing of return DelayReasons, if any as given by the dealer
     
     
     
 23. Whether the dealer has deducted tax at source and paid the same to the credit of State Government in accordance with the provisions of Act and Rules.
  Total Tax Deducted: ___________________

Total Tax Deposited:___________________
 (if there is delay in deposit of tax so deducted, please give particulars as under)
Period Amount of Tax DeductedDue Date for PaymentDate of Payment DelayAmount paid.
      
      
      
 24. Give details of sales effected as commission agent, in the following proforma.:
Name of principal & addressTIN No. (if any)Total Sales During the yearOutput tax, if any VAT/CST
    
    
    
 25. Whether the sales of any taxable goods is claimed exempt under the Goa Value Added Tax Act/Rules, If yes, give details of such sales.
Sr.No.Invoice No. DateName ofParty to whom sold TIN (if any)Amount of billReason
       
       
       
 26. Statement of sales alongwith respective declaration in Form VAT XXX & Form XXXIII.26 (a) Whether any sales claimed as taxable under Entry (53) of Schedule 'B' (Industrial inputs and packing materials) are supported with declaration in Form VAT XXXIII. If not give detail.Sales (Wanting Form VAT XXXIII)
Sr.No.Invoice No. DateName of PartyAmount (Rs.)
     
     
     
 26 b) Whether any sales claimed as taxable under Entry (23) of Schedule 'B' (Capital Goods) are supported with declaration in Form VAT XXX, if not, give details.;Sales (Wanting Form VAT XXX)
Sr.No.Invoice No. DateName of PartyAmount (Rs.)
     
     
     
 PART CEXPORT SALES27. a) Total export sales (total to match sales in column 15(m) ___________________
b) Whether all declaration for export (Form H) are available on record. If not, give details.
 
Sr.No.Invoice No. DateName of PartyAmount Rs.
     
     
     
 PART DINTERSTATE SALES28. TURNOVER OF INTERSTATE SALES ETC. (As per Books)
Particulars 
a. Total Inter-State Taxable Sales 
b. Total Inter-State Branch/consignment transfer 
c. Total Inter-State Sales exempt U/s 8(5) of the CST Act. 
d. Total Inter-State Sales exempt U/s 6(2) of the CST Act. 
e. Central Sales Tax payable. 
 29. Details of taxable sales shown in return.
ParticularsTaxable SalesTax PayableTax paid
Quarter I   
Quarter II   
Quarter-III   
Quarter -IV   
Total   
 30. Give reconciliation of difference, if any in taxable sales as per books and as per return.
31. Whether there is delay in payment of tax. If yes, give particulars as under.
Sr.No.Date of SaleAmount payableDue DateDate of paymentDelay
      
      
      
 32. Whether there is delay in filing of return. If yes, give particulars as under:
Sr.No.Particulars Due Date for filing returnDate when filedDelay
     
     
     
     
 33. Whether inter-state sales claimed as liable to tax U/s 8(1) of CST Act, are supported with declaration in Form C/D. If not give details:

SALES ( Wanting Form C/D)
Sr.No.Invoice No. DateName of PartyAmount Rs.
     
     
     
34. Whether Inter-State sales claimed as exempt under section 6(2) of CST Act, are supported with necessary declaration if not give details.
SALES (Wanting Form C/D)
Sr.No.Invoice No. DateName of PartyAmount Rs.
     
     
     
SALES (Wanting Form E-1, E-II)
Sr.No.Invoice No. DateName of PartyAmount Rs.
     
     
     
35. Whether claims of all inter-state branch transfer/consignment transfers U/s 6A of CST Act are supported with declaration in Form 'F' if not, give details:
Sr.No.Invoice No. DateName of PartyAmount Rs.
     
     
36. Whether inter-state sales claimed as exempt under section 8(5) of the CST Act are supported with declaration in Form C/D, if not give detailsSALES (Wanting Form C/D)
Sr.No.Invoice No. DateName of PartyAmount Rs.
     
     
37. INPUT TAX ADJUSTMENTS INFORMATION ( In case Input Tax Credit is more than Output Tax)
Balance of Credit as per 18 above,
Less : Adjustments 1. Against any dues under the Goa ValueAdded Tax Act,2005
Period Amount
  
2. Against any dues under Central Sales Tax Act,1956
Period Amount
  
3. Against any dues under the Goa Sales Tax Act, 1964
Period Amount
  
4. Against any dues under the Goa Tax on Entry of Goods Act, 2000.
Period Amount
  
5. Cash refund claimed/granted on account of export sales
PeriodAmount
  
Balance Input Tax Credit on other goods carried forward to next year
38. INFORMATION ABOUT SALES-TAX INCENTIVES EXEMPTION /NPV DEFERMENT (if applicable)
i. Name of the agency (Directorate of Industries/SIA ) which issued the registration certificate/Acknowledgment to the industry. 
ii. Registration Certificate /Acknowledgment No. and date of issue. 
iii. Period of Entitlement of Sales Tax incentives as per Goa VAT Act, 2005 read with Notification No._____ ____dated ______ and No. ______________dated ______.;From_____ (DD/MM/YYYY)
To ______ (DD/MM/YYYY)
iv. Whether the benefit is being claimed as SSI/MSI/LSI 
I certify that above particulars are true and correct to best of my knowledge and belief.I certify that above particulars are verified by me from books of account and same are true and correct.

For ___________________________

(Name of the dealer / person )

(Signature)________________


Name__________________________





Designation ____________________

Place :

Date :

For__________________________

CHARTERED ACCOUNTANT


(Name)

(Proprietor/Partner)

Membership No._________________


Address _______________________

__________________________

Place :

Date:
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Commissioner of Commercial Taxes, Vikrikar Bhavan, MG Road, Panjim, Goa, India. Ph.:0832-2229225
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