STOCK MARKET BSE NSE

Commercial taxes dept set for a revamp

Commercial taxes dept will soon have Data Analytics Centre, Economic Intelligence Unit & Task Force.

Published: 20th June 2018 04:44 AM  |   Last Updated: 20th June 2018 04:44 AM   |  A+A-

By Express News Service

HYDERABAD: Beware tax evaders, the Commercial Taxes (CT) department is becoming too smart! The department will soon have Data Analytic Centre, Economic Intelligence Unit and State Task Force. The department is setting up these units soon to continuously monitor tax evaders and augment its revenue sources. For this, it is revamping the existing system completely.

“The State approved the revamp plans and allowed us to take 15 more days time for transfer of employees, which is closed on June 16,” a top official in the department said.

As per plans, the Economic Intelligence Unit will have senior officials, CAs, IT experts, who will go through tax payment information, analyse the data and suggest measures to plug loopholes.

Currently, the department has 91 circles, which will be increased to 100. “We are dividing some and merging some. Now, each circle has a minimum of 300 to a maximum of 10,000 tax payers. One commercial taxes officer cannot watch or meet 10,000 tax payers. After revamp, each CTO will have an average 2,000 tax payers in his jurisdiction,” official sources said. “Over time, tax payers in some circles have increased drastically due to expansion of city and business. Thus, we require rejig in the department,” officials explained.

The officials also planned 12 strategy tax units in the department. Each STU will have 50 big tax payers. “These 600 big tax payers will contribute 50 pc of GST. So, they will be given special focus,” sources said.

Ready for the GST regime
The Commercial Taxes and Excise department contributes 85 per cent to the revenue of the State. Thus, the officials focused on the revamp of the department in accordance with GST regime



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp