news details |
|
|
| Poor planning in PHE pinches state exchequer of crores of rupees during 2009-13 | | | Avinash Azad
JAMMU, Apr 17: Poor planning of PHE department has bled the state exchequer profusely, as the department has failed to get interests of funds, non-deduction of service taxes and labour cess from contractors during 2009-2013.
According to document available with Early Times the poor planning in PHE department has manufactured loss of Rs 3.18 cr in various programmes executed by the department. "During the period, the department got 8.62 crores instead of Rs 9.90 cr under State Water Sanitation Mission (SWSM) resulting in variation of the tune of Rs 1.28 crores", the documents read, adding that no explanation was given by the department concerned over huge variation in interest amount.
The documents further read that the SWSM had not exercised any control over the interest accrued from programme fund maintained by the Chief Engineers of Jammu as well as Kashmir divisions, as the details of interest earned by the these authorities were not available with them.
"An amount of Rs 9.58 crores was earned on account of interests on the programme funds by both Chief Engineers and the executive divisions during the period 2009-13. The Chief Engineer PHE Department Kashmir without the approval of the Member Secretary, SWSM authorized the executing divisions to utilize Rs 3.35 crores during the year 20011-12", the documents revealed, adding that in nine divisions the funds had been deposited in the non-interested bearing current account bank accounts, which had resulted in interest loss of Rs 44.75 lakhs.
The documents further revealed that owing to non-deduction of services tax and labout cess the department was facing huge financial loss. "As per provision of the J&K General Sales Tax Act, the service tax is to be deducted from the contractors for execution of works contracts", the document read, adding that in five divisions service tax of Rs 47 lakh was short-deducted from the payment bills of contractors during the period of 2012-13.
"The building and other construction Workers Welfare Cess Act, 1996 provides that all establishments engaged in construction activity are liable to pay cess at the rate of one per cent of the cost of contract", the documents read, adding that in nine divisions, the divisional authorities had failed to deduct cess of the tune of Rs 99 lakhs from the payments made to the contractors during the period 2009-13. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
|
|
STOCK UPDATE |
|
|
 |
| BSE
Sensex |
 |
| NSE
Nifty |
|
|
| |
CRICKET UPDATE |
|
|
|
|
| |
| |
|
|
| |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
