Audit of school accounts & Sales Tax and General tax- SCHEDULE A [Vide Rule 89.1 (2)]- PART 14 & 15- SS CODE

SCHEDULE A

[Vide Rule 89.1 (2)]

(14) Audit of school accounts:

The expenditure incurred by schools on audit of accounts by registered accountants in accordance –with the scale given below: -

                   Admitted Expenditure                                    Audit fee

                        Rs.                                                                   Rs.

Upto                500                                                                  75

                        10,000                                                             100

                        20,000                                                             125

                        30,000                                                             150

                        40,000                                                             175

                        50,000                                                             200

Over                50,000                                                             250 to 300

(15) Sales Tax and General tax:

The expenditure incurred on payment of sales tax and general tax if it is actually incurred by the schools is supported by necessary vouchers.