Para 4.3.31 — MSO (Audit)
Original Rule Text
4.3.31 The instructions in the foregoing paragraphs do not apply to the Schedule Docket for Percentage Recoveries (Form PWA 25). The Schedule Docket should be checked simultaneously with the schedule relating to the expenditure on the works which are assessable to percentage recoveries of charges on account of Establishment, Tools and Plant and Accounts and Audit. It should be checked seen that
(i) the charges shown in Form PWA 25 under each of these heads have been calculated correctly in accordance with the rules;
(ii) the total amount of these charges has been debited correctly to the account of each work in the expenditure schedule concerned; and
(iii) credits on account of recoveries under each of the three heads have been brought to account correctly in accordance with the directions contained in Articles 69 and 72 of the Account Code, Volume-III.
# Vouchers
What This Means
The Schedule Docket for Percentage Recoveries (Form PWA 25) follows different rules from other Schedule Dockets. It must be checked alongside the expenditure schedule for works that are subject to percentage recoveries. The auditor must verify that establishment, tools and plant, and audit charges are correctly calculated, debited to each work, and credited under the right heads as per Account Code Vol III.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Form PWA 25 follows different audit rules from other Schedule Dockets
- 2Must be checked simultaneously with the related expenditure schedule
- 3Percentage charges cover Establishment, Tools & Plant, and Accounts & Audit
- 4Charges must be correctly calculated per applicable rules
- 5Total charges must be correctly debited to each work in the expenditure schedule
- 6Credits for recoveries must follow Articles 69 and 72 of Account Code Vol III
Practical Example
A division spends Rs 10 lakh on a road construction project. The prescribed percentage recovery rates are 15% for establishment, 2% for tools and plant, and 1% for accounts and audit. The auditor checks Form PWA 25 to verify that Rs 1.5 lakh, Rs 20,000, and Rs 10,000 respectively have been correctly calculated and debited to the road project, and that corresponding credits appear under the correct recovery heads.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What are percentage recoveries?▼
Why is this Schedule Docket treated differently from others?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.