| Referred to in paragraph 3 of the Auditors' Report of even date to the members of Kesoram Industries Limited on the financial statements for the year ended 31st March, 2011 |
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|
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| 9. |
(a) |
According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is generally regular in depositing the undisputed statutory dues including provident fund (other than arrears of Rs. 15,085 outstanding for a period of more than six months as on 31st March, 2011), investor education and protection fund, employees' state insurance (other than arrears of Rs. 14,180 outstanding for a period of more than six months as on 31st March, 2011), income tax, sales tax (other than arrears of Rs. 23,48,352 outstanding for a period of more than six months as on 31st March, 2011), wealth tax, service tax, customs duty, excise duty, cess and other material statutory dues as applicable with the appropriate authorities. |
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|
| |
(b) |
According to the information and explanations given to us and the records of the Company examined by us, the particulars of dues of income tax, sales tax, wealth tax, service tax, customs duty, excise duty and cess as at 31st March, 2011 which have not been deposited on account of a dispute (there being no such cases with regard to wealth tax, custom duty and cess), are as follows- |
| |
| |
| Name of
Statute |
Nature of Dues |
Amount
|
Period to
which the Amount relates |
Forum
where
dispute is
pending |
| Income Tax
Act, 1961 |
Income Tax |
15,87,74,831 |
2003-04, 2005-06, 2008-09 |
Commissioner (Appeal) |
| Central Sales
Tax Act, 1956 |
Sales Tax |
16,99,42,317 |
2000-01 to
2002-03 |
Supreme Court |
| |
|
4,65,12,981 |
2003-04
|
Karnataka High Court |
| |
|
2,85,22,915 |
2001-02, 2003-04,
2006-07
|
Orissa High Court
|
| |
|
5,69,59,589 |
1995-96, 2004-05 to 2006-07 |
West Bengal Commercial Taxes Appellate and Revision Board |
| |
|
7,17,763 |
2002-03 |
Tribunal |
| |
|
59,373 |
2007-08 |
Sr. Jt. Commissioner (Appellate Authority) |
| |
|
5,14,233 |
2005-06 |
Commissioner |
| |
|
77,37,025 |
1999-00,
2003-04,
2007-08
|
Additional Commissioner |
| |
|
18,11,400 |
1997-98,
2001-02,
2004-05 |
Deputy Commissioner |
| |
|
57,90,166 |
1991-92 to 1998-99,
2001-02, 2004-05 |
Assistant Commissioner |
| West Bengal Sales
Tax Act, 1994 |
Sales Tax |
1,59,11,422 |
1987-88,
1995-96,
2003-04,
2004-05 |
West Bengal
Commercial Taxes
Appellate and
Revision Board |
| |
|
5,72,943 |
1999-00 |
Additional
Commissioner |
| |
|
2,77,38,852 |
1995-96, 1997-98, 1998-99, 2001-02, 2004-05 |
Deputy Commissioner |
|
