Vous êtes sur la page 1sur 14

Arunachala Logistics Private Limited

Internal Audit Report for the Quarter July 2018 to September 2018

7.Statutory Compliances

11
Statutory Compliances- Acts Covered
We have broadly reviewed compliance with the following:

• Employees Provident Fund Act 1952


• Employee State Insurance Act
• Professional Tax
• Goods and Services Tax
• Income Tax Act 1961

2
Policy Procedural Regulatory a System Deficiency
Observation rating
7.1 Remittance of Provident Fund HIGH MED LOW

Key Observations

• As per PF and Misc. Provisions Act, the employer shall pay the PF contributions within 15 days from the last day of the calendar month in
which the contributions fall due.
• It is observed that Employee contribution is excess paid by Rs 32,905/- as per books. Details of Provident Fund contribution payable as per
books and paid as per challan are as given below:

Employees Employer's Employer’s


Employees
Contribution Excess Contribution Contribution Excess Due date for Date of
Month Contribution paid Annexure
payable as per /(Short) paid payable as per paid as per /(Short) Paid payment payment
as per challan
books books challan

July-18 7,86,558 7,88,132 1,574 8,53,736 8,53,736 - 15/08/2018 13/08/2018

Aug-18 8,62,529 8,11,237 (51,292) 8,78,857 8,78,857 - 15/09/2018 11/09/2018

Sept-18 9,05,548 9,88,171 82,623 10,05,076 10,05,076 - 15/10/2018 15/10/2018

Total 32,905

3
Policy Procedural Regulatory a System Deficiency
Observation rating
7.1 Remittance of Provident Fund HIGH MED LOW

Key Observations
• Details of difference in number of employees as per pay-sheet & challan are as given below:
No. of employees in No of employees in
Month Difference
paysheet Challan
July-18 1257 1257 -
Aug-18 1216 1214 2
Sept-18 1215 1215 -

• Details of PF contribution payable as per our calculation and as per books are as given below:
Employees
Employees Excess Employer's Employer’s Excess
Contribution as
Month Contribution /(Short) Annexure Contribution as per Contribution /(Short) Annexure
per our
payable as per books deduction our calculation payable as per books deduction
calculation

July-18 7,88,132 7,86,558 (1,574) 8,53,736 8,53,736 -

Aug-18 8,62,375 8,62,529 154 9,34,234 8,78,857 (55,377)

Sept-18 9,05,561 9,05,548 (13) 9,81,031 10,05,076 24,045

Total (1,433) (31,332)

4
Policy Procedural Regulatory a System Deficiency
Observation rating
7.1 Remittance of Provident Fund HIGH MED LOW

Key Observations

• It is observed that employee contribution is excess paid by Rs 31,472/- and employer contribution is short paid by Rs 31,332/-.Details of PF
contribution payable as per our calculation and Paid as per challan are as given below:

Employees Employer's Employer’s


Employees
Contribution Excess Contribution as Contribution Excess
Month Contribution as per Annexure Annexure
Paid as per /(Short) Paid per our paid as per /(Short) Paid
our calculation
challan calculation challan

July-18 7,88,132 7,88,132 - 8,53,736 8,53,736 -

Aug-18 8,62,375 8,11,237 (51,138) 9,34,234 8,78,857 (55,377)

Sept-18 9,05,561 9,88,171 82,610 9,81,031 10,05,076 24,045

Total 31,472 (31,332)

5
Policy Procedural Regulatory a System Deficiency
Observation rating
7.2 Remittance of ESI HIGH MED LOW

Key Observations
• As per Employees State Insurance Act, 1948 the employer shall pay the ESI contributions within 15 days from the last day of the calendar
month in which the contributions fall due.
• It is observed that ESI amounting to Rs 1,458/- is short paid as per books. Details of ESI contribution payable as per books and paid as per
challan are as given below:
Employee Employer
Employee Employer Excess
contribution Excess Contribution Due Date of
Month Contribution Annexure Contribution /(Short) Date of Payment
paid as per /(Short) Paid paid as per Payment
as per books as per books Paid
challan challan

July-18 1,99,710 2,01,100 1,390 5,46,397 5,46,397 - 15-08-2018 16-08-2018

Aug-18 2,10,880 2,10,887 7 5,72,937 5,72,937 - 15-09-2018 12-09-2018

Sept-18 2,25,146 2,24,657 (489) 6,10,296 6,10,296 - 15-10-2018 16-10-2018

Total 909 -

6
Policy Procedural Regulatory a System Deficiency
Observation rating
7.2 Remittance of ESI HIGH MED LOW

Key Observations

• It is observed that employee contribution is excess paid by Rs 4,448/- and employer contribution is Excess paid by Rs 6,138/-Details of ESI
contribution payable as per our calculation and as per books are as given below:
Employee
Employee Employer Employer
Contribution as Excess/(Short) Excess/(Short)
Month contribution as Annexure Contribution as per Contribution as per
per our deduction deduction
per books our calculation books
calculation

July-18 1,98,144 1,99,710 1,566 5,37,821 5,46,397 8,576

Aug-18 2,11,015 2,10,880 (135) 5,72,755 5,72,937 182

Sept-18 2,25,608 2,25,146 (462) 6,12,366 6,10,296 (2070)

Total 969 6,688

7
Policy Procedural Regulatory a System Deficiency
Observation rating
7.2 Remittance of ESI HIGH MED LOW

Key Observations

• Details of ESI employee contribution payable as per our calculation and paid as per challan are as given below:
July'18 Aug’18 Sept’18
Particulars
Amount Amount Amount Amount Amount Amount
1 ESI payable as per our calculation 7,35,965 7,83,770 8,37,974
2 ESI paid as per challan 7,47,497 7,83,824 8,34,952
Excess/ (Short) paid 11,532 54 (3,022)
Reconciliation:
ESI short deducted and paid due to non
Less: consideration of washing allowance in gross (11,939) (23,644) (28,586)
salary
ESI excess deducted and paid due to non
Add: consideration of washing allowance in gross 22,918 23,168 25,052
salary

Add: Difference in calculation as per portal(Round off - 530 513


Diff)
Total difference 553 11,532 54 (3,022)

Annexure

8
Policy Procedural Regulatory a System Deficiency
Observation rating
7.3.1 Remittance of Professional Tax HIGH MED LOW

Key Observations
Professional Tax
• Summary of month wise remittances of Professional Tax as per books is annexed below:

Amount Payable Amount Paid as Excess/(Short) Due Date of Date of


Month Annexure Month Location Delay in Days
as per our books per challan Paid Payment Payment
Hyderabad 10-08-2018 11-08-2018 1
July-18 29,750 29,400 (350)
Kodad 10-08-2018 10-08-2018 -
Jul-18
Puttur 10-08-2018 10-08-2018 -
Aug-18 35,700 34,750 (950) Bangalore 20-08-2018 11-08-2018 -
Hyderabad 10-09-2018 08-09-2018 -
Sept-18 26,150 25,600 (550) Kodad 10-09-2018 08-09-2018 -
Aug-18
Puttur 10-09-2018 08-09-2018 -
Total (1,850)
Bangalore 20-09-2018 08-09-2018 -
Hyderabad 10-10-2018 12-10-2018 2
• Details of difference in number of employees as per
Kodad 10-10-2018 11-10-2018 1
pay-sheet & challan is as given below: Sep-18
Puttur 10-10-2018 11-10-2018 1
Bangalore 20-10-2018 12-10-2018 -

9
Policy Procedural Regulatory a System Deficiency
Observation rating
7.3.1 Remittance of Professional Tax HIGH MED LOW

Key Observations
Professional Tax

• Summary of month wise Professional Tax as per books and as per our calculations is annexed below:

Amount Payable as Amount Payable as Excess/(Short)


Month Annexure
our Calculation per books Deduction

July-18 29,850 29,750 (100)

Aug-18 41,950 35,700 (6,250)

Sept-18 48,850 38,600 (10,250)

Total (16,600)

10
Policy Procedural Regulatory a System Deficiency
Observation rating
7.3.1 Remittance of Professional Tax HIGH MED LOW

Key Observations
Professional Tax

• Summary of month wise professional tax as per our calculations and paid as per challan is annexed below:

Amount Payable as per Amount Paid as per


Month Excess/(Short) Paid Annexure
our calculations challan

July-18 29,850 29,400 (450)

Aug-18 41,950 34,750 (7,200)

Sept-18 48,850 38,050 (10,800)

Total (18,450)

11
Policy Procedural Regulatory a System Deficiency
Observation rating
7.3.2 Remittance of Professional Tax HIGH MED LOW

Key Observations
• Professional Tax for Tamilnadu for the period 1st April’18 to 30th September’18 as per Books and as per challan is given below:

Amount Payable Amount Paid Excess/(Short) Due Date of


Period Annexure Date of Payment
as per books as per Challan Paid Payment

1st April’18 to 30th


September’18 1,39,260 1,32,135 (7,125) 30-09-2018 09-10-2018

• Professional tax for Tamilnadu for the period of 1st April’18 to 30st September’18 as per our calculations and paid is given below:

Amount Payable
Amount Paid Excess/(Short)
Period as per our Annexure
as per Challan Paid
calculations

1st April’18 to 30th


1,94,110 1,32,135 (61,975)
September’18

12
Policy Procedural Regulatory a System Deficiency
Observation rating
7.3.2 Remittance of Professional Tax HIGH MED LOW

Key Observations

• Professional tax slab rates for Tamilnadu state has been revised w.e.f 1st April’18.

• Professional tax for Tamilnadu for the period of 1st April’18 to 30th September’18 as per our calculations and books is given below:

Amount
Amount Payable Excess/(Short)
Period Payable as per Annexure
as our calculation deduction
books

1st April’18 to 30th


1,94,110 1,39,260 (54,850)
September’18

13
Arunachala Logistics Private Limited
Internal Audit Report for the Quarter July 2018 to September 2018

9.Other Areas Covered

14
14