Megha Bansal (CA ) (168 Points)
21 May 2017
Praveen Kachhawa
(Financial Accountant)
(225 Points)
Replied 22 May 2017
| ( 1 ) sale value and vat amount |
| ( 2 ) VAT return |
| ( 3 ) service tax return ( on labour chg. ) |
| ( 4 ) TDS Return |
| ( 5 ) Bank statement, creditors, debtors confirmation |
| ( 6 ) Insurance Payout ( incentive by insurance companies |
| ( 7 ) Finance Payout ( incentive by Financers ) |
| ( 8 ) Tds Receivable ( match 26as ) |
| ( 9 ) Salary and Pf |
| ( 10 ) DMS software incentive by company provided |
| ( 11 ) Consumer Offer ( in automobile sector consumer offer are given by , but |
| some contribution by dealer , check |
| ( 12 ) DEMO Car payout. |
| ( 13 ) Check some randomly free gifts / cards / free fuel coupan given to customer. |
| ( 14 ) Extended Warranty ( is warranty claim processed by manufacturer or not ) |
| ( 15 ) Check Dealer Reserve Fund status |
| ( 16 ) Extended Warranty commission and quartely incentive |
| ( 17 ) RTO Chg. ( received from customer / paid to RTO office ) |
| ( 18 ) TRC chg. ( Temporary Reg. chg. ) |
| ( 19 ) Interest on securities. |
| ( 20 ) Mostly Automobile Dealer have Inventory Funding, Trade Advances From |
| financers, check statement and confirm balance. |
| ( 21 ) Old Car ( stock ) and Exchange offers, |
| ( 22 ) Bodyshop ( accidental cases ) Insurance Claim status. |
| ( 23 ) New cars, Spare Parts stock, Oil , Tyre stock . |
| ( 24 ) Check TCS collection or payment ( cash received above 2 lakh . |
| ( Above 10 lakh tcs in mandtory on car sale ) |
| ( 26 ) Cenvat Credit taken properly or not. |
| ( 27 ) check exp./ income voucher, Bank stmt, Confirmation. |
| ( 28 ) Shareholding Patters, Director Loan, retirement / addition of new director. |
CA Amrita Chattopadhyay
(Audit & Assurance)
(13459 Points)
Replied 29 May 2017
Please find attached the Internal Audit Program for Automobile Industry
Sanil Kumar KB
(AGM)
(44 Points)
Replied 24 July 2018
| Originally posted by : Member (Account Deleted) | ||
 |
check opening balance check all sales purchase loan advances debtors creditors cash bank take prinout our of triyal balance check every group like capital account , resverve and surplus , secured and unsecured loan , sundry carditors , fix assets , investments , debtors , cash , bank |
 |
Business Consultant
(Consultant)
(38 Points)
Replied 28 June 2021
I would suggest you connect with Ambit Collective LLP who could help in this regard. Ambit Collective is a consulting firm that is considered a leader in providing consulting services to automotive retail in India. Started by ex-big 4 senior professionals with a 60 member strong workforce, they currently service clients in Delhi NCR and will soon scale their operations to other parts of India and overseas.
CAclubindia
