Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: TDS :: empanelment :: due date for vat payment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: articles on VAT and GST in India
 
 
News Headlines »
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj

Govt plans single agency for toll collection, audit
October, 16th 2006

To Check revenue leakage from toll collection, the government is planning to make the same agency responsible for toll collection and maintenance. The agency will be awarded work through competitive bidding on the basis of operate-maintain-transfer (OMT).

At present, operation and maintenance of independent toll audit systems and actual collection are done by two different agencies. In 90% of the cases, toll collection was being sponsored by the Directorate General of Resettlement (DGR). DGR is an inter-service organisation functioning directly under the ministry of defence. For the remaining 10%, the agency was selected through an auction system.

The toll collection agency will deposit the collections on behalf of the National Highways Authority of India (NHAI). In return, NHAI will pay them a monthly sum for their services. The operations and maintenance agency, in the present system, is selected through a standard bidding system.

Under the new system, a single agency will be responsible for both works, and will be selected through competitive bidding on the basis of the highest upfront payment the agency is willing to make to NHAI. The latter has selected OMT as the financing model, an official in NHAI said.

This will check leakage in toll collection since the agency will have to recover its costs, he added. The government is in the process of finalising the bidding document and it should be finalised within the next six months, he said.

There are nearly 60 toll plazas across the country at the moment and the figure is likely to go up with the government giving highest priority to build-operate-transfer (BOT) toll projects. NHAI had been receiving some complaints from users of instances of tolling plazas overcharging users.

The new system is expected to address these issues and streamline the toll collection process. NHAI also makes routine checks at the tolling plazas through its project directors and by sending decoy customers.It also makes random checks and monitors each collection from time to time.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions