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10 pc Rise in Own Tax Revenue

Published: 10th October 2014 06:09 AM  |   Last Updated: 10th October 2014 06:09 AM   |  A+A-

BHUBANESWAR: The State has recorded a growth of 10.19 per cent in its own tax revenue collection by the end of August, 2014 as against the corresponding period last year.

There has been 21.68 per cent increase in Professional Tax over the last year’s collection of `56.44 crore.

Land revenue collection has increased by 18.6 per cent over last year’s collection of `119.97 crore during this time, according to a Finance Department document.

Revenue collection from vehicles, excise and electricity duties has also increased by 23.88 per cent, 25.5 per cent and 22.47 per cent respectively during the same period.

However, the collection from stamps, registration and other taxes till end of August has failed to reach the previous year’s collection during the same period.

Chief Secretary Gokul Chandra Pati reviewed the revenue collection of the State at a high level meeting here on Wednesday.

Additional Chief Secretary Finance UN Behera presented the updated position and outlined the measures taken by the Government for improved revenue collection.

Though the State had made a target of `17,605 crore own tax revenue collection in the last fiscal, the actual collection was `16,891.73 crore.

However, the State’s own tax revenue collection in 2013-14 had increased by 12.36 per cent over ` 15,034.2 crore in 2012-13.

Emphasising on revenue augmentation from various sources, the Chief Secretary advised the departments concerned to settle tax and royalty disputes through mutual and bilateral discussions than going to courts.

The meeting discussed that a systematic survey of various types of dealers will be conducted regularly and necessary legal steps will be taken to check Sales Tax escapes.

Pati also advised the Steel and Mines Department to develop a community based localised system for checking illegal mining.

The recommendations of the expert committee on revenue enhancement, constituted under the chairmanship of Sanjib  Hota were also discussed besides its recommendations in Commercial Taxes, state excise duty, Motor Vehicle Tax, land revenue, stamp duty and registration, electricity duty, mining royalty, forest revenue, irrigation and industrial water rate and apartment ownership.Departments concerned have been asked to look into the revenue implication of the recommendations and suggest necessary measures for implementation.

More from Odisha.

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