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Tag: Cesses

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  • Finances of the Nation ~ II

    Finances of the Nation ~ II

    The political reluctance in matters of taxation and enforcement is pronounced. Governments lose several thousand crore each year owing to collusion between revenue officers and assessees. There is very limited reconciliation of revenues between revenue collection agencies, their accounts officers and receiving banks. CAG’s customs audit report for 2015-16 reports that 89 indirect tax commissionerates …

    March 10, 2017