State lost Rs 1577-cr revenue in 2022-23: CAG

Shillong, Mar 14: Meghalaya has lost revenue to the tune of Rs 1,577 crore, which is over 50% of the state’s own resources, owing to various factors in 2022-23, according to a CAG report tabled in the assembly on Thursday.

“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 ₹ 1,577.17 crore in 70 cases, which accounted for 50.76 per cent of the State’s Own Resources,” the Comptroller and Auditor General (CAG) of India stated in its report on the state revenue for 2022-23.

During the year, the CAG said, 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 departments accepted 35 cases amounting to Rs 411.70 crore, the CAG report stated.

Meanwhile, the respective departments successfully recovered Rs 0.82 crore from the amounts previously held under audit objection, it said.

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

THE CRUCIAL NEED TO ADDRESS MENTAL HEALTH

By Dilip Mukerjea: Author and Innovative Learning Skills Specialist

THE CRUCIAL NEED TO ADDRESS MENTAL HEALTH

By Dilip Mukerjee Author and Innovative Learning Skills Specialist

Markets log gains for 2nd day; Sensex, Nifty surge nearly 1 pc on global rally

Mumbai, June 25: Benchmark indices Sensex and Nifty surged...

Iran executes 3 more prisoners it accused of spying for Israel

Dubai, June 25: Iran executed three more prisoners Wednesday...

Four killed in blast near Afghan border in Pakistan’s KP

Peshawar, June 25: At least four persons were killed...

Aurangzeb tomb row: HC grants bail to nine accused held for riots in Nagpur

Nagpur, June 25: The Bombay High Court on Wednesday...
spot_img

Related Articles

Popular Categories

spot_imgspot_img