31.6 C
Tura

CAG report flags Rs. 1,577 cr revenue loss in Meghalaya

Must read

Shillong, March 13: The Comptroller and Auditor General of India (CAG) has detected 70 cases of underassessments, short, non-levy, loss of revenue amounting to Rs 1,577.17 crore, which accounted for 50.76 per cent of the State’s own resources.

Its report on the state revenue for the year ended March 31, 2023, tabled in the Assembly on Thursday, said, “Test check of the records of taxes on sale, trade, etc., Stamps & Registration, State Excise, Forest Receipts, Motor Vehicles Tax and other Non-Tax Receipts conducted during the year 2022-23 revealed underassessments/short/non-levy/loss of revenue amounting to Rs. 1,577.17 crore in 70 cases, which accounted for 50.76 per cent of the State’s Own Resources.”

The CAG said that during the year 2022-23, the departments concerned accepted under assessments/short collection/loss of revenue of Rs 607.10 crore in 15 cases.

Additionally, the audit process uncovered other irregularities pertaining to compliance issues with monetary value of Rs 612.53 crore across 123 cases.

Subsequently, the concerned departments accepted 35 cases amounting to Rs 411.70 crore.

During the fiscal year 2022-23, the respective departments successfully recovered a total sum of Rs 0.82 crore from the amounts previously held under audit objection.

This encompasses amounts from objections related to years preceding 2022-23.

Also Read: State Assembly passes Meghalaya Investment Promotion Bill, scraps ‘land-bank’ clause

Also Watch

Find latest news from every corner of Northeast India at hubnetwork.in, your online source for breaking news, video coverage.

Also, Follow us on-

Twitter-twitter.com/nemediahub

Youtube channel- www.youtube.com/@NortheastMediaHub2020

Instagram- www.instagram.com/ne_media_hub

Download our app from playstore – Northeast Media Hub

More articles

-->
-->

Latest article