गृहपृष्ठ ∕ Nepal ∕ Inland Revenue Office fails to meet revenue collection target Nepal Inland Revenue Office fails to meet revenue collection target KathmanduPati November 10, 2020 File photo KATHMANDU – The Inland Revenue Office in Biratnagar collected Rs 1.63 billion in revenue against the target of Rs 1.94 billion in the first three months of the current fiscal year. The office achieved 84 percent of its target of three months in the revenue collection. Chief of Office Bimal Sapkota said that a reduction in industrial output and decreased volume in the trade of liquors resulted in the low revenue collection. In the review period, the Office achieved 111 percent progress in income tax and 137 percent in value added tax (VAT) but excise duty was collected just 50 percent of its target. Of the amount, Rs 548.8 million was collected in income tax, Rs 571.5 million in VAT and Rs 516.4 million was collected in excise duty in the first three months of fiscal year 2020/21. Sapkota shared that the third month of the review period achieved almost 97 percent of its target by collecting Rs 630.1 million in revenue. Write your comments RELATED NEWS PM Shah expresses commitment to making police organization capable Flood relief funds reach Rs 17.54 billion Landslide suspected as cause of deadly Budhi Gandaki flood Flood sweeps away six bridges, 10 people missing Flood sweeps away 35 homes in riverside villages Flash flood sweeps away riverside bazaar and hydropower camp Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 PM Shah pledges Krishnabhir highway reopening within month6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING ANM and Lab Assistant trainings to no longer be provided in Nepal, task force created for solution Bam Dev Gautam to become National Assembly member Indian intelligence agency RAW’s chief Goel arrives in Nepal Govt picks career diplomats as ambassadors to three countries Politics Are Keeping the UN From Protecting Children : Karin Landgren Bardiya National Park to allow safari expeditions Lessons from Spanish Flu and SARS for COVID-19 Preparation underway to open religious shrines from October 17: Minister Bhattarai
