Page 203 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Standalone

filed by the Company with such banks or financial (e) According to the information and explanations given Insurance, Income-Tax, Duty of Customs or Cess or the records of the Company, no undisputed amounts
institutions are in agreement with the books of to us and on the basis of our examination of the other statutory dues have been regularly deposited payable in respect of Goods and Service Tax, Provident
account of the Company. records of the Company, there is no loan or advance by the Company with the appropriate authorities. Fund, Employees State Insurance, Income-Tax, Duty
in the nature of loan granted falling due during the of Customs or Cess or other statutory dues were in
(iii) According to the information and explanations given to year, which has been renewed or extended or fresh According to the information and explanations arrears as at March 31, 2023 for a period of more than
us and on the basis of our examination of the records of loans granted to settle the overdues of existing loans given to us and on the basis of our examination of six months from the date they became payable.
the Company, the Company has made investments, and given to same parties. The Company has made an
granted loans to companies and other parties in respect of investment in perpetual instrument to refinance the (b) According to the information and explanations given to us and on the basis of our examination of the records of the
which the requisite information is provided in clause (a) to existing perpetual non-convertible debentures and Company, statutory dues relating to Service tax, Duty of excise, Sales tax and Value added tax, Goods and Service Tax,
(f) as below to the extent applicable. The Company has not for general corporate purposes of the borrower. Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs or Cess or other statutory dues which have not
provided any advances in the nature of loans, any security been deposited on account of any dispute are as follows:
or provided any guarantee to companies, firms, limited (f) According to the information and explanations
liability partnership or any other parties during the year. given to us and on the basis of our examination of Name of the statute Nature of the dues Amount Period to which the Forum where dispute Remarks,
the records of the Company, the Company has not (` in crore)* amount relates is pending if any
(a) Based on the audit procedures carried on by us and The Income Tax Act, 1961 Income Tax 115 AY 2015-16, Tribunal (ITAT)
as per the information and explanations given to us granted any loans or advances in the nature of loans AY 2017-18 and
the Company has provided loans to any other entity/ either repayable on demand or without specifying AY 2018-19
parties as below: any terms or period of repayment. The Income Tax Act, 1961 Income Tax 11 AY 2022-23 Assessing Officer
` in crore (iv) In our opinion and according to the information and Customs Act, 1962 Customs Duty 26 2011-13, 2015-18 Tribunal (CESTAT)
Particulars Loans explanations given to us, the Company has complied Customs Act, 1962 Customs Duty 1 1987-88, 1992-93, Appellate
Authority upto
2001-02, 2014-17
Aggregate amount during the year with the provisions of Section 186 of the Companies Act,
356 Commissioner's level
Others 2013 (‘the Act’) in respect of investments made and loans The Central Excise Act, 1944 Excise Duty 557 1999-2005 Supreme Court
Balance outstanding as at granted during the year. The Company has not provided The Central Excise Act, 1944 Excise Duty 50 2005-06 High Court
balance sheet date 325 any guarantees and securities during the year to the parties The Central Excise Act, 1944 Excise Duty 65 2008-09, Appellate
Others covered under Section 186 of the Act. The provisions of the 2014-18 Authority upto
Commissioner's level
Section 185 of the Act are not applicable to the Company. The Central Sales Tax, 1956 and Sales Tax (Central 50 2009-10 Supreme Court
(b) According to the information and explanations given Sales Tax Act of various states and State) and
to us and based on the audit procedures conducted (v) The Company has not accepted any deposits or amounts Value Added Tax
by us, in our opinion the investments made during which are deemed to be deposits from the public. The Central Sales Tax, 1956 and Sales Tax (Central 33 2006-10, High Court
the year and the terms and conditions of the grant Accordingly, clause 3(v) of the Order is not applicable. Sales Tax Act of various states and State) and 2015-16
of loans provided during the year are, prima facie, Value Added Tax
not prejudicial to the interest of the Company. The (vi) We have broadly reviewed the books of accounts The Central Sales Tax, 1956 and Sales Tax (Central 2 2004-06, Tribunal (CESTAT)
Company has not provided any advances in the nature maintained by the Company pursuant to the rules Sales Tax Act of various states and State) and 2011-14,
Value Added Tax
2016-17
of loans, any security or provided any guarantee to prescribed by the Central Government for maintenance The Central Sales Tax, 1956 and Sales Tax (Central 7 1997-2000, 2002-06, Appellate
companies, firms, limited liability partnership or any of cost records under Section 148(1) of the Act in respect Sales Tax Act of various states and State) and 2009-18 Authority upto
other parties during the year. of its manufactured goods and are of the opinion that Value Added Tax Commissioner's level
prima facie, the prescribed accounts and records have The West Bengal tax on entry of Entry Tax 135 2012-13 to 2015-16 High Court
(c) According to the information and explanations given been made and maintained. However, we have not carried Goods into Local Areas Act, 2012
to us and on the basis of our examination of the out a detailed examination of the records with a view to The Finance Act, 1994 Service Tax 12 2010-11, 2011-12 Tribunal (CESTAT)
records of the Company, in the case of loans given, in determine whether these are accurate or complete. (Service Tax)
our opinion the repayment of principal and payment The Finance Act, 1994 Service Tax -* 2014-17 Appellate
of interest has been stipulated and the repayments (vii) (a) The Company does not have liability in respect of (Service Tax) *less Authority up to
Commissioner's level
or receipts have been regular. Further, the Company Service tax, Duty of excise, Sales tax and Value added than crore
has not given any advance in the nature of loan to any tax during the year since effective 1 July 2017, these Goods and Services Tax Act, 2017 Goods and 1 2017-18 Tribunal
party during the year. statutory dues has been subsumed into GST. Goods and Services Tax Act, 2017 service tax 1 2017-19 Appellate
Goods and
service tax Authority up to
(d) According to the information and explanations given According to the information and explanations Commissioner's level
to us and on the basis of our examination of the given to us and on the basis of our examination of Gujarat Green Cess Act, 2011 Green Cess 9 2012-13 to 2021-22 Supreme Court
records of the Company, there is no overdue amount the records of the Company, in our opinion amounts The Environment (Protection) Afforestation 13 2006-07 High Court
for more than ninety days in respect of loans given. deducted / accrued in the books of account in respect Act, 1986 charges
Further, the Company has not given any advances in of undisputed statutory dues including Goods Gujarat Land Revenue Act, 2017 Land revenue 1 2013-14 to 2017-18 Mamlatdar Kacheri
the nature of loans to any party during the year. and Service Tax, Provident Fund, Employees State *net of amount paid under protest/refund adjusted by the tax authorities

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