Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: form 3cd :: cpt :: ACCOUNTING STANDARD :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

AAP government orders CAG audit of three private power companies
January, 04th 2014

Brushing aside objections from distribution companies (discoms) controlled by the Anil Ambani and Tata Groups, Delhi Chief Minister Arvind Kejriwal has ordered an audit of their accounts by the Comptroller and Auditor General (CAG).

On Wednesday, senior officials of Tata Power Delhi Distribution Ltd, BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd requested Delhi government officials to wait for the outcome of a case in the Delhi high court before asking CAG to audit their accounts. However, Kejriwal, who has promised to bring down power tariff by 50 per cent in Delhi, refused to oblige on the ground that the high court has not issued any stay against a CAG audit.

Reacting to presentation made by the discoms on Wednesday evening, Kejriwal told reporters that company officials did not come up any convincing reason as to why their accounts should not be audited. "We have issued orders for CAG audit and it will start from Thursday. People of Delhi have been demanding CAG audit in the accounts of discoms but the previous government did not go ahead saying that the matter is sub -judice. Discoms also stated that the matter is pending before the high court. But, there is no stay order against the auditing discoms' accounts through CAG."

CAG stopped auditing Delhi's discoms after they were privatised in 2002. The Delhi government owns 49 per cent of the discoms and it is represented by the chief secretary, as well as the finance and power secretaries in the boards of Tata Power Delhi Distribution Limited, BSES Rajdhani Power and BSES Yamuna Power that cater to close to 45 lakh customers.

In February 2011, an activist body had approached Delhi High Court seeking CAG audit of the distribution companies. Delhi high court has scheduled next hearing on January 22.

"There is already a case pending before Delhi High Court where the litigant has sought CAG audit on our accounts. We requested the state government to wait since the matter is sub-judice," said a top executive of one of the discoms told ET after the meeting. Officials of distribution companies say that almost entire power supply to Delhi is procured from plants owned by central government owned NTPC and NHPC as well as state-owned utilities and CAG is already auditing their accounts.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions