A

PROJECT REPORT
ON

A study of Value Added Tax

AT

Kirloskar Oil Engines Limited (Kirloskar Valve Plant)

Submitted to University of Pune As a fulfillment of M.B.A(Finance) course 2012-2013 Under the guidance of Prof. Submitted by Miss. Mohammad Mohsin Poona College Pune

ACKNOWLEDGEMENT
It is a great pleasure to me in acknowledging my deep sense of gratitude to all those who have helped me in completing this project successfully. First of all I would like to thank Pune University for providing me an opportunity to undertake a project as a partial fulfillment of MBA degree. Special thanks to Mr.S.K.JADHAV Dy.Manager(Finance) for providing me an opportunity to work with Kirloskar Valve Plant, and providing me necessary information about their organization, their operations and providing guidance in developing my project. I would like to thank Mr. Mohammad Asad (CA) who have contributed for the success of this project. I would like to thank our Director and Project guide Prof. . whose valuable guidance and encouragement at every phase of the project has helped to prepare this project successfully. Finally, I would like to express my sincere thanks to my family, all the faculties, and friends who helped me in some or other way in making this project.

Place: Pune Date: / /

MOHAMMAD MOHSIN MBA-III (Finance)

DECLARATION
This is to declare that I, Mohammad Mohsin, student of Management of Business Administration (2007-2009), I.M.R.T. NASHIK have given original data and information to the best of my knowledge in the project report title A STUDY OF VALUE ADDED TAX under the guidance of our Director . and that, no part of this information has been used for any other assignment but for the partial fulfillment of the requirement towards the completion of the said course. I have prepared this report independently and I have gathered all the relevant information personally. I have prepared this project for M.B.A. for the year 2012-2013. I also agree in principal not to share the vital information with any other person outside the organization and will not submit the project report to any other university.

Place: Pune Date: / /

Mohammad Mohsin M.B.A.-III (Finance)

INDEX

CHAPTER 1 1.1 1.2 1.3 1.4 1.5 1.6 CHAPTER 2 2.1 2.2 CHAPTER 3 3.1 3.2 3.3 3.4 3.5 3.6 CHAPTER 4 4.1 4.2 4.3 CHAPTER 5

INTRODUCTION Object of the project Scope of the study Selection of the topic Objectives of the study Research Methodology Limitations of the study PROFILE OF THE ORGANISATION History of the organization Product range VALUE ADDED TAX Introduction Registration under VAT Explaining VAT Calculating tax liability Filing return and paying tax Recovery ,offences ,penalties CONCLUSION Computation of VAT Filing of return Conclusion RECOMMENDATION AND SUGGESTIONS

Page no 2 3 4 5 6 7

9 12

23 25 30 36 42 47

50 52 53 54

Annexure Bibliography

55 58