State's Tax Revenue Up by 44 per cent

Published: 02nd July 2015 05:20 AM  |   Last Updated: 02nd July 2015 05:20 AM   |  A+A-

BHUBANESWAR: The own tax revenue of the State has increased by 44 per cent in the first quarter of the current fiscal as against the corresponding period last year.

The State’s own tax revenue rose from Rs 3,427 crore by June end in 2014 to Rs 4,934 crore in the same period.

The State Government has made significant improvement in its plan expenditure by 54 per cent during the same period. The expenditure in agriculture and allied sectors, infrastructure development, social security and development has increased from Rs 4,909 crore to Rs 7,534 crore.

The status of revenue earning and revenue expenditure was part of the discussion at the monthly all Secretaries meeting chaired by Chief Secretary GC Pati here on Wednesday.

Appreciating the efforts of revenue earning departments, the Chief Secretary advised the Secretaries of these departments to direct field functionaries to redouble their endeavour to cross the annual revenue target.

Additional Chief Secretary, Finance R Balakrishnan emphasised on collection of tax and non-tax revenues pending for years together with different departments and agencies.

He further directed the line departments to ensure that the 4 per cent VAT collected from contractors for projects worth more than Rs 50,000 during payment of bill is deposited in treasury within a week. Any deviation in this regard will be viewed seriously and action will be taken against officers concerned.

The revenue collection of the State during 2014-15 has grown by 10.09 per cent over the previous financial year.

The total revenue collection during 2014-15 has been around Rs 27,820 crore as against Rs 25,093 crore in 2013-14. This includes both State’s own tax and non-tax revenue.

The total collection of tax and non-tax revenue was budgeted at Rs 27,886.65 crore in 2014-15. The total collection from State’s tax revenue has been around Rs 19,996 crore against the budget estimate of Rs 19,862 crore.

The Chief Secretary asked the Housing and Urban Development Department to prohibit change of land kisam in areas under different development authority. There should not be any violation or change in the zonal development scheme.

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