CAG reveals loss of revenue in Bihar

Last Updated: Wednesday, July 20, 2011 - 18:30

Patna: Comptroller and Auditor General (CAG)
has revealed under-assessment or loss of revenue of Rs
2,399.68 crore in various commercial departmeents in Bihar
during 2009-10.

The CAG report for the period ended on March 31, 2011,
presented by Deputy Chief Minister S K Modi in the state
assembly said records of commercial taxes, state excise, tax
on vehicles, land revenue, non-ferrus mining and metallurgical
industries and other departmental offices of 2009-10 were test
checked and the under-assessment/short levy/loss of revenue
was noticed in 2,092 cases.

During 2009-10, the concerned departments accepted
under-assessments and other deficiencies of Rs.1,784.41 crore
in 1,892 cases, the CAG report said.

In 10 commercial taxes circles, suppression of
sales/purchase turnover of Rs 766.96 crore by 17 dealers
resulted in under-assessment of tax of Rs 610.40 crore,
including leviable penalty, it said.

Irregular claim of Input Tax Credit (ITC) by the dealers
in two commercial taxes circles resulted in excess allowance
of ITC of Rs 137.17 crore including leviable penalty.

Non-detection of application of incorrect rates of tax in
seven commercial taxes circles resulted in short levy of tax
of Rs.28.51 crore, including interest and leviable penalty.

In Patna West commercial taxes circle, though the
inter-state stock transfer of goods valued at Rs 19.09 crore
was not supported by prescribed declaration forms, the tax was
levied at lower rate.

This resulted in short levy of tax of Rs 84.62 lakh, the
CAG report said.

PTI



First Published: Wednesday, July 20, 2011 - 18:30

More from zeenews

 
comments powered by Disqus