CAG’s Bihar report for 2023 flags revenue arrears to government
GS3Economy · S&T · Environment · Security· Fiscal policy, budget & taxation (GST)· Prelims·
Why in news
The Comptroller and Auditor General (CAG) flagged significant revenue arrears and tax non-compliance in Bihar for the fiscal year 2022-2023.
Background
The CAG report for Bihar (FY 2022-2023) identified ₹4,884.86 crore in outstanding revenue, of which ₹1,430.32 crore has been overdue for over five years. It also noted ₹64.91 crore in TDS/TCS tax liability discrepancies and losses in state public sector enterprises (SPSEs).
Facts for Prelims
- BodyCAG: Comptroller and Auditor General of India
- Fact₹4,884.86 crore: Total outstanding revenue in Bihar for FY 2022-2023
- Fact₹1,430.32 crore: Revenue arrears exceeding five years in Bihar
- Fact₹64.91 crore: Discrepancies in TDS/TCS tax liability
For Mains
Q. Examine the role of the CAG in ensuring fiscal discipline and transparency in state-level public finance management in India.
Dimensions to cover in your answer
- Revenue leakage: Inefficient recovery mechanisms leading to multi-year arrears in state exchequers
- Institutional oversight: CAG's role in identifying non-compliance with departmental instructions for cess collection
- Public enterprise risk: Financial losses in State Public Sector Enterprises (SPSEs) impacting fiscal health
Keywords: Fiscal Discipline · Revenue Arrears · Public Finance Management · Audit Oversight · Tax Compliance
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