By Maheesha Mudugamuwa
Cheques totalling a value of around Rs. 3 billion that have been given to the Inland Revenue Department (IRD), have been returned from 2016 till date due to various reasons, IRD Commissioner General Nadun Guruge said.
He told The Morning that the cheques have been returned mainly due to insufficient funds in payees’ accounts.
According to him, a total of 2,600 cheques have been returned within the first six months of this year and the IRD had successfully collected around 2,900 cheques.
When asked about the actions the Department took to collect that money, the Commissioner General said he was giving targets to officials as a measure to collect those taxes.
“In some cases, the cheques are being returned when the wrong PINs were mentioned, and the Department, by correcting or giving new PINs, has collected most of those cheques,” Guruge added.
IRD records large number of cheque returns: Cheques worth Rs. 3 b returned
31 Jul 2020
IRD records large number of cheque returns: Cheques worth Rs. 3 b returned
31 Jul 2020
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