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 Understanding VAT refunds

Crores lost to unverified grants of VAT rebate
June, 07th 2012

The government could have earned Rs 1,463.56 crore more in value added tax (VAT) had it been more careful in giving tax concessions. The CAG report notes that in 1,408 cases a concessional rate of tax was claimed without proper supporting forms.

Observing compliance deficiencies in VAT, the CAG states incorrect claims of "exempted sale of un-exempted goods", resulted in short payment of Rs 2.30 crore. A performance audit on "cross verification of declaration forms used in interstate trade and commerce" carried out by the auditors drives home the need for stricter enforcement.

The performance audit found "irregular claims of concessional rate of tax or exemption of tax against fake forms submitted by the dealers in support of inter-state sale. The revenue involved in 10 cases found by the audit was Rs 8.13 lakh, besides the penalty that may be levied for wrong declaration".

The auditors found that there were instances of forms being utilized by dealers other than those to whom they were issued. This resulted in revenue loss of Rs 9.54 lakh in seven cases. In seven other cases, concealment of sale by dealers on declaration forms led to non-realization of revenue of Rs 12.50 lakh. Claims for extra concession by dealers led to revenue loss of Rs 1.11 crore in 22 cases.

The report also cites large-scale pendency in furnishing of utilization certificates by various institutions for grants-in-aid amounting to Rs 13,117.35 crore. Of 4,342 outstanding utilization certificates, 1,917 or 44% amounting to Rs 3,221 crore were pending for more than 10 years.

The biggest defaulter was the urban development (UD) department. In turn, the erstwhile MCD, Delhi Vidyut Board, Delhi Jal Board and New Delhi Municipal Council were the main defaulters of the grants received from the UD department.

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