Srinagar, June 4: J&K has registered a 20 per cent increase in tax revenue from Rs 2231.24 crore in 2009-10 to over Rs 2674.99 crore in 2010-11.
 This was revealed today at a meeting held by finance minister Abdul Rahim Rather to review the functioning of Commercial Taxes Department.
 Calling for improving the overall performance of the department, Rather said there should be no complacency in this regard.
 Rather said: “All the Commercial Taxes Officers (CTOs) should make individual as well as collective efforts to increase tax revenue, without un-necessary harassment to anyone and ensure regular follow up to audit assessments and inspections.”
 He said that strict follow up to audit assessments and inspections was essential to assert authority of the department adding that any laxity in this connection would be reflected in the Annual Performance Reports (APRs) of the concerned officers CTOs.
 Commissioner, CTs while giving a resume about the performance of the department informed that the revenue target for the last fiscal has been achieved in full adding that some C.T. circles have even surpassed the targets which include circle “Kargil” showing an increase of 71%, circle Pulwama 65% and Kupwara Circle registering an increase of 40%. He said Rs 65.05 lakh have been realized on account of penalty against 591 inspections conducted during the last fiscal. He said 1604 new dealers have been registered whereas 5028 Tax Assessment cases have been disposed off under VAT and 6322 Assessment cases disposed off under GST. He said over Rs 9.68 crore has been realized against GST and Rs 59.36 lakh against VAT arrears. “Out of 6400 cases seized by the authorities, 5946 cases have been disposed off”,   Pir added.
 It was informed that a revenue of over Rs 688 crores has been realized in Kashmir Division during last financial year against Rs 591 crore in 2009-10.

Lastupdate on : Sat, 4 Jun 2011 21:30:00 Makkah time
Lastupdate on : Sat, 4 Jun 2011 18:30:00 GMT
Lastupdate on : Sun, 5 Jun 2011 00:00:00 IST