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 Nepali Congress urges government to protect citizens after Saudi drone… Indian Foreign Secretary to visit Nepal ahead of Balen’s India… Climate loss and damage fund approves $20 Million grant for… Nepal must accelerate reforms to exit FATF grey list Nepal beat Oman by 10 runs in League-2 clash Nepal PM urges unity and action against corruption Top Headlines Nepal “a Buffer State”: Rethinking foreign policy in relative terms1 Monsoon is predictable and Nepal’s disaster response should be too2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 PM Shah pledges Krishnabhir highway reopening within month5 Before the Ballots: How Oli Lost the Political Narrative6 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 Role of Vitamin D in pregnancy to combat COVID-19 Hetauda Cement Industry resumes operation US presidential candidate Biden picks Kamala Harris as running mate Bhaktapur Hospital operates ICU service after 116 years since establishment Locals in Darchula enjoy Nepal Army’s newly constructed domestic road Preparations to ease lockdown in Kathmandu Valley While coronavirus brings economy to a standstill, share market continues to soar Bhaktapur DAO seeks clarification from International Hospital over two deaths
