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 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 Foreign Minister Dr. Rana in Chengdu Weather to remain fair across the country US says China releases three ‘wrongfully detained’ Americans Foreign Minister Rana off to China Minister Paudel for securing optimum benefits from limited resources Road accident in Bhaktapur: One dead, another critical Top Headlines Nepal, India sign long-term agreement on electricity export, materializing MoU reached during PM’s visit1 NC, Maoist Centre discuss about NA election2 President expresses concern over ’emptying’ villages for lack of employment opportunities3 1.3 kilos of gold confiscated from TIA4 Dhakal recommended as SC chief registrar5 PM Dahal stresses on developing innovative agricultural system6 Govt. forms former-judge Poudel led probe commission to investigate Balkumari incident7 Manpower agency owner arrested for cheating more than Rs 1.9 million8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector A phone call that paved the way for RAW Chief’s visit to Nepal What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Public Relations for a Soldier Impact of Social Media on Nepalese Society We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Nepal Army’s Brigadier General Bigyan Dev Pandey gets promoted to Major General
