JCT Associates Pvt. Ltd.

Government Dues Payment – Quarterly Verification Report

Ensuring Timely Statutory Compliance & Liability Protection

During the redevelopment phase, the Developer is required to regularly pay applicable government dues, taxes, premiums, levies, and statutory charges. Any delay or default may expose the Society to penalties, recovery proceedings, or future legal liabilities.

We prepare and submit a Quarterly Verification Report confirming timely payment of all applicable government dues, taxes, premiums, and statutory charges by the Developer to the concerned authorities during the redevelopment phase, thereby ensuring continuous regulatory compliance and protection of the Society from future liabilities.

Objective

• To verify timely payment of statutory dues

• To safeguard the Society from financial exposure

• To maintain regulatory compliance

• To ensure documentary transparency

• To strengthen redevelopment governance
  
  

Scope of Our Services

1. Identification of Applicable Government Dues

We verify payments relating to:

• Property Tax

• Water Charges

• Electricity Charges

• Development premiums and levies

• Statutory fees payable to authorities

• Any other government-imposed charges

2. Documentary Verification

We review:

• Official payment receipts

• Challans and acknowledgment copies

• Online payment confirmations

• Demand notices (if any)

• Outstanding balance statements
  
  

3. Quarterly Compliance Review

We assess:

• Timeliness of payments

• Any delays or arrears

• Penalty or interest implications

• Pending statutory obligations

• Risk exposure, if any
  
  

4. Quarterly Verification Report

Our structured report includes:

• List of dues verified

• Payment status summary

• Confirmation of compliance or deviation

• Remarks on pending or delayed payments

• Risk advisory note (if required)
  
  

5. Risk Mitigation & Advisory

We assist in:

• Highlighting default risks at early stage

• Advising Managing Committee on corrective steps

• Maintaining compliance documentation file

• Strengthening financial governance controls
  
  

Benefits to the Society

Protection against future statutory recovery claims
Reduced risk of penalties and interest burden
Transparent monitoring of Developer obligations
Strengthened regulatory compliance
Clear documentation trail

Our Assurance

We ensure systematic quarterly verification of government dues during the redevelopment phase, providing structured reporting and compliance monitoring to protect the Society from future statutory liabilities and financial exposure.