State Lost ` 2,138-cr Revenue: CAG

BHUBANESWAR : The State Government lost revenue of ` 2,138.56 crore in 2010-11 and 2011-12 due to under-assessment and short levy in 1,83,397 cases. According to the latest report of the

Published: 14th April 2012 03:23 AM  |   Last Updated: 16th May 2012 07:30 PM   |  A+A-

BHUBANESWAR : The State Government lost revenue of ` 2,138.56 crore in 2010-11 and 2011-12 due to under-assessment and short levy in 1,83,397 cases.

According to the latest report of the Comptroller and Auditor General (CAG), the loss of revenue was detected in commercial tax, motor vehicle tax, land revenue, State excise, forest receipts, mining receipts and other departmental offices during 2010-11 and 2011-12. The departments accepted under-assessment and other deficiencies of ` 1635.29 crore in 33,615 cases, the report said.

The CAG said the total revenue receipts of the State Government in 2010-11 was ` 33,276.15 crore against ` 26,430.21 crore in the previous year.

Out of this, ` 1,11,92.67 crore amounting to 48 per cent was raised by the State through tax revenue and non-tax revenue (` 4780.37 crore).

The balance 52 per cent was received from the Centre in the form of State’s share of divisible union taxes (` 10,496.86 crore) and grants-in-aid (` 6806.25 crore).

The CAG said by June 30, 2011, as many as 3,267 inspection reports issued up to December 2010 containing 9,712 audit observations involving ` 6,258.05 crore were outstanding for want of comments/final action by the departments concerned.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp