Official Lapses Cost State Govt Crores In VAT

IMPHAL, Jun 11: Due to lapses on the part of officials, the Govt of Manipur has been losing crores of rupees that should be accrued to the State exchequer as Value Added Tax (VAT).  Not a single paise has been received by the State Government as VAT for importing cigarettes and bidis worth Rs 4.65 crores. This serious loophole in collecting VAT, which is one of the primary sources of generating income...

Goods Tax Levied On Passenger Carriers

IMPHAL, Jan 23: In an exceptional case, the State Taxation Dept has begun to collect goods tax from passenger carriers after a gap of about five years. While to a commoner, passenger carriers would mean transportation of passengers but to the Taxation Department authorities carrying of goods in buses is legal, only if the vehicle operator or owner is willing to pay tax. According to a Department source,...

State Govt Projects Plan Size Of Rs. 4021 Crores For Next Fiscal Year

Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission... Photo: Reuters. IMPHAL, Dec 16: The SPF Cabinet has today approved the proposal of the State Government to approach the Union Planning Commission for finalizing the annual plan outlay of the State for the next financial year, 2011-2012 at Rs 4021 crores (US $ 883 million). This is an increase of 54 pc from the Rs 2600 (US $ 571...