HYDERABAD: To achieve 100 per cent tax collection by the end of March 2015, the commercial taxes department of Telangana has embarked upon a series of measures to increase its revenue collections.
According to an official release, the State government gets 70 per cent of tax revenue from commercial taxes department alone. The government proposed a tax collection of ` 27,777 crore from the financial year starting June 2014 to end of March 2015. The target was ` 15,575 crore by the end of November 2014 and the department could collect ` 14,008 crore, a 90 per cent achievement.
To reach the target fixed by the government by the end of financial year, the commercial taxes department has envisaged a slew of measures. This include rationalisation of existing taxes, spread the net of taxation, introduce invoice tracking system to arrest non-payment of taxes, filling up of vacancies in the department and others.
These decisions were taken following a review of the department by the minister concered Talasani Srinivas Yadav, who took charge on Wednesday.