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ACCOUNTS DEPTT. GGSM PRESENTATION FOR JANUARY, 2008

ACCOUNTS DEPTT. GGSM PRESENTATION FOR JANUARY, 2008. CREDIT MANAGEMENT. Debtors of the Group & Avg. collection period as on Oct’07 to Jan’08 (Rs. in lacs). Note: Dec ’07 & Jan ’08 mths C&F Agents few Sale bills not received. Sale figures & Debtors to that extent as at

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ACCOUNTS DEPTT. GGSM PRESENTATION FOR JANUARY, 2008

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  1. ACCOUNTS DEPTT.GGSM PRESENTATION FOR JANUARY, 2008

  2. CREDIT MANAGEMENT

  3. Debtors of the Group & Avg. collection period as on Oct’07 to Jan’08 (Rs. in lacs) Note: Dec ’07 & Jan ’08 mths C&F Agents few Sale bills not received. Sale figures & Debtors to that extent as at 31.1.2008 is Rs. 1173 lacs & has been updated in the above figure.

  4. Credit Mgt. – Debtor’s Ageing (31.1.08) (Rs. in lacs)

  5. SALES TAX

  6. Status Of Pending Sales Tax Forms(NZ) As On 31.1.08 (Amt. in lacs)

  7. Status Of Pending Sales Tax Forms(EZ) As On 31.1.08 (Amt. in lacs)

  8. Status Of Pending Sales Tax Forms(WZ) As On 31.1.08 (Amt. in lacs)

  9. SALES TAX EXEMPTION Co./ Balance Amt. Present Sale Amt. Period by which Unit Exemption Exemption required exemption available as on 31.1.08%of tax to exhaust & % of tax slab the exemption SLY (X)* N.A 100% N.A Jun., 2011 (100%) SLV (IV) * N.A 100% N.A Mar., 2013 (100%) RKL(V) * N.A 100% N.A Mar., 2013 (100%) *(Applicable Both for Local & Central) SKM N.A 100% N.A Oct’ 2013 (100%) (Pending for exemption approval for Local & Central Sale with VAT authorities since 2005)

  10. SALES TAX EXEMPTION & DEFERMENT (Rs. in Crs.) Present Exemption as % of Tax Sale Amt reqd. to exhaust the exemption Period which exemption available & % of tax slab Average sale on the basis of previous 12 month Months reqd. to exhaust sale based on average sale 07-08 Company /Unit Balance Amt of exemption as on 31.08.07 - - - -N I L - - - - Deferment: (Hyd) (Figures as provided in Balance Sheet)Scheme under Investment - Rs. 2.19 Crs. repayment w.e.f Apr, 2010Scheme under Expansion - Rs. 2.33 Crs. repayment w.e.f Jun, 2012

  11. SALES TAX ASSESSMENT CompanyF.YearRemarks SBD, SJP 1996to99 Rejoinder Affidavit filed in the Hon’ble High Court, Allahabad GNA (U.P.) 1999-00regarding taxability on Stock transfer before achieving base 2003-04production - High court decision awaited. 1997-98 Second appeal filed by Deptt. against order passed by the Joint Commissioner - Appeal (SIB ). Tax demand is Central Rs. 10.65 lacs and Local Rs. 2.28 lacs. Appeal yet to be decided by Tribunal. - Hearing on 7.2.08. 2003-04 Jt. Comm. (Appeal) rejected our appeal in mid of Oct’07 Now we have to go in Tribunal (matter of Amalgamation ,Entry Tax & Nepal Sale) 2004-05 1) Tax imposed by A.O.(A) Due to non furnishing of Form F on material sent to Auora Foam after job work. (B) Entry tax on kraft paper, LDO and Diesel. We have already taken stay from High Court for both above cases. Decision awaited.(Note: Similar matter of job work of Ambika Steel has been dismissed by the HC) HYD.& PONDI. 2004-05 Refund Rs. 10 lacs approval awaited SILVASSA(IV,V & X) 2004-05 Assessment Completed . SFPL (DELHI) 2006-07 All forms with DVAT-51 submitted up to Dec’06. Reply upto F.Y. 2005-06 filed satisfactory AFPL (PUNJAB) 2001-02 &03 Assessment order kept in abeyance. KOPL (U.P) 2004-05 Assessment completed. Query regarding local forms also settled. VIN POLY 2004-05 Assessment pending. Exparte assessment made by AO, matter to sort. SERTA (DELHI) 2006-07 All Forms & DVAT 51 submitted up to IVth Quarter.Reply upto F.Y. 2005-06 filed satisfactory, obtained Form- F for all four qtrs. From Delhi Sales Tax Deptt. Balance Sheet with reconciliation submitted. SIKKIM 2001-02 Ass. Pending since 2001-02. Counsel appointed to expedite the asse.

  12. INCOME TAX

  13. INCOME TAX EXEMPTION Unit Accounting Exemption Exemption to Year in % ageComplete by SIL (IV) 2007-08 30% March, 2008 RKL (V) 2007-08 30% March, 2009 SLV (X) 2007-08 30% March, 2008 PONDI (IX) 2007-08 30% March, 2008 SKM 2007-08 100% March, 2013 IT DIV. 2007-08 100% March, 2009 KALAAMB FACTORY WORK UNDER PROGRESS SWUPL WORK UNDER PROGRESS

  14. INCOME TAX ASSESSMENT CompanyAssessment Year SFPL 2000-01 - ITAT appeal has completed, Assessment order received in our favour. 2001-02 - Appeal filed with ITAT. Hearing attended & order received in our favour. 2004-05 - Appeal filed before CIT (A) . Order received in our favour. For interest addition, appeal to file to ITAT based on similar grounds. 2005-06 – Assessment order received & Appeal filed to CIT SEPL 2001-02 -Appeal made by Deptt. -Reply has been filed & AO is awaited (TDS) 2001-02 -Appeal by DCIT (Income Tax Deptt) hearing dt. 20.03.07. A.Order awaited (Ass. Income Tax. SFIPL 2001-02 Appeal by Deptt. Tribunal hearing completed on 5.5.07 & order awaited.

  15. OTHERS

  16. SUBSIDY STATUS{Summarized} (Rs. in lacs)

  17. SUBSIDY STATUS (Rs. in Lacs)

  18. ACHIEVEMENTS/ACTIVITY INITIATED Refer Attachment

  19. THANK YOU.

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