Boost revenue collection
Reduce reliance on central grants
Fund development projects
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is: d) All of the above.
Efforts to increase tax compliance in Manipur aim to boost revenue collection, reduce reliance on central grants, and fund development projects.
- Boost revenue collection. Tax revenue is a major source of income for the government. By increasing tax compliance, the government can collect more revenue, which can be used to fund essential services and development projects.
- Reduce reliance on central grants. Manipur is a relatively poor state, and it receives a significant amount of financial assistance from the central government. By increasing tax compliance, the state can reduce its reliance on central grants and become more financially independent.
- Fund development projects. Tax revenue can be used to fund a variety of development projects, such as roads, schools, hospitals, and other infrastructure. By increasing tax compliance, the government can invest more in development projects, which can improve the lives of the people of Manipur.
In addition to the above, increasing tax compliance can also help to improve the business environment in Manipur. By making it easier for businesses to comply with tax laws, the government can attract more investment and create more jobs.