KATHMANDU, Jan 28: Revenue collection during the first six months of the current fiscal year from chewing tobacco and gutkha (mix of ingredients taken with betel leaf) has become a great example on how revenue collection can be enhanced if the tax net is widened to include areas prone to huge revenue leakage.
Total revenue, including excise duty, VAT and income tax, from chewing tobacco and gutkha shot up more than 12-fold to touch around one billion rupees during the first six months of the current fiscal year.
The government had raised only around Rs 80 million in revenue from gutkha and chewing tobacco during the same period last year.
Officials at the Inland Revenue Department (IRD) said excise duty alone raised up to Rs 800 million during the review period, significantly up compared to Rs 60 million reported raised during the same period last year.
No hay comentarios:
Publicar un comentario