Bhadrapur (Jhapa), July 17: The Inland Revenue Office, Bhadrapur has collected revenue of Rs 3.21 billion in the fiscal year 2080/81 BS.
The office had raised revenue
amounting to Rs 307 million from mid-June to mid-July. As informed, the office
has been able to collect revenue over Rs 195.29 than the fiscal year 2079/80
BS.
Information Officer at the Inland
Revenue Office, Bhadrapur, Bhim Prasad Acharya, said revenue of Rs 3.01 billion
was collected in the last fiscal year.
The office had set a revenue target
of Rs 3.79 billion last year. However, only 84.57 percent was collected.
"Revenue collection has come
down due to decline in trade and business volume across the country", he
said.
According to Information Officer
Acharya, the office collected around Rs 1.70 billion from income tax, Rs 36.4
million from rental income tax, Rs 115.9 million from interest, Rs 1.29 billion
from value added tax and Rs 644.65 million from excise duty.
The income from value added tax
(VAT) has decreased due to low payment of development projects in the district
in the current fiscal year. In the last fiscal year, around Rs 1.38 billion revenue
was collected as value added tax. (RSS)