July 19, 2021 | Investopaper
The Inland Revenue Office Biratnagar has collected a total of Rs. 8.93 billion in the fiscal year 2077/78. The office had set a target of collecting Rs. 8.84 billion in that period. The office has managed to collect Rs. 891.54 million more than the target.
According to the information received from the office, the income tax collected in the fiscal year 2077/78 is Rs. 3.52 billion, value added tax is Rs. 2.53 billion and excise duty Rs 2.87 billion. During the same period, the office has achieved a growth of 130 percent in income tax, 157 percent in value added tax and 64 percent in excise duty.