Kathmandu, April 15: Office of the Auditor General (OAG) has stated that the amount of revenue to be recovered has increased by a whopping 56 per cent to Rs 252 billion in FY2017/18.
The Auditor General’s 56th Audit Report made public on Friday, April 13 ascribed such a shocking growth to the government’s slackness in raising taxes from big private players like Ncell.
According to the report, an accumulated Rs 122 billion of income tax and Rs 23.77 billion VAT were expected to be recovered by FY2017/18.
Similarly, it found that 4841 local units under the federal governments have not yet settled Rs 106.34 billion. Most of the unsettled amounts include advance given by the local units. This shows that there are irregularities at the local levels, which have failed to produce documents of expenditure, according to the OAG.