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 South Korea pledges continued flood recovery support Central Bank introduces re-designed 50-rupee bank note Army continues search, rescue after Bhotekoshi flood Government expands domestic jobs to reduce migration NCC bill proposes voluntary Military Service Training WHO Regional Director seeks support for top post 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 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Lockdown 2.0: What the Government should do this time around Police make a woman public in connection to Gongabu murder case This time’s Teej, social distancing please! Nearly three dozen Chinese manufacturers show interest in supplying electric buses to Nepali government The envisioned Defense University and its rationale “Ranju Darshana: Government has been using superiority approach to handling pandemic” Time Tested Friendship-Suresh Sharma
