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काठमाडौंमा वायुको गुणस्तर: १४४

3 trillion 41 billion revenue exemption in five years

Even though the system for granting revenue concessions is gradually improving, the amount of revenue concessions is increasing year by year due to the increase in the scope of concessions given on the basis of the tax rate on import of goods and services and the scope of concessions given on the basis of notices, schedules and tax decisions.
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The government has given a discount of 3 trillion 41 billion 74 billion 43 lakh rupees in customs and internal revenue in five years. According to the Economic Act 2079, while analyzing the revenue discount data for the past 5 years, it is mentioned in the 61st report of the Auditor General that an amount equal to that amount was given to customs and internal revenue.

3 trillion 41 billion revenue exemption in five years

In recent times, there has been a gradual improvement in the provision of revenue exemption. However, it is mentioned in the report that the amount of revenue discount has increased due to the increase in the scope of concessions given on the tariff rate for the import of goods and services and the scope of concessions given on the basis of notices, schedules and tax decisions.

According to the General Accounts, 99 billion 42 billion 33 million rupees were discounted in the customs revenue even in the financial year 079/80. It is mentioned in the report of the General Account that the Ministry of Finance and the Internal Revenue Department have not kept the records of the same even though exemptions have been given to the Internal Revenue from the Economic Act. The General Account has pointed out that the revenue exemption should be reviewed as it is increasing.

Section 18 of the Economic Act, 2079 provided that the government can reduce/increase the rate of duties, fees, tariffs or taxes imposed in accordance with prevailing laws or give partial or complete revenue exemption. Section 14 of Schedule 1 of the same Act mentions that the customs duty will be fully exempted, only one percent and partially exempted. Section 15 of the schedule mentions the goods that will be fully or partially exempted from customs duty on the recommendation of the relevant body of the Government of Nepal. "The Economic Act provides for exemption of value added tax on goods and services as per Schedule 1 of the Value Added Tax Act, 2052," the report states, "by the decision of the Council of Ministers, various sections of the Economic Act, 2079 have been amended and the rates of exemptions and concessions have also been increased. 6.'

In the fiscal year 078/079, 97 billion 30 million 82 million rupees were given as a discount. It is mentioned in the report of the General Account that 24 billion 500 million 28 million has been discounted towards internal revenue. According to the report, since the scope of income tax, excise duty and value added tax exemptions are increasing every year, the target of revenue collection has also been affected. The conclusion of the Accounts General is that the impact of the revenue discount should be analyzed and the data of the discount should be submitted to the Parliament for transparency. Every report of the Accountant General has been giving the same suggestion to the government. But it has not yet been implemented.

The basis and analysis of the rate of revenue discount was not recorded, the details of the revenue discount were not submitted to the parliament with the budget statement, the increase in the production of goods and services, employment and investment due to the revenue discount, and the benefits to the common citizens were not analyzed. . It is mentioned in the future reform of the General Account that it should be ensured that the revenue discount provided under the economic act, special act, rule, aid agreement is utilized in the prescribed conditions and purpose. It is suggested by the Accounts General that it is necessary to control the scope of exemptions given based on

observations, schedules and decisions made in the form of time. According to the Accounts General, arrangements should be made to submit to the Parliament the integrated monetary statement of the revenue lost from the overall revenue discount and the expected achievement from that discount.

प्रकाशित : जेष्ठ १४, २०८१ ०८:२८
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