Srinagar, July 7: Surpassing the revised targets, the department of Commercial Taxes has yielded Rs 1035.61 crore tax revenue last fiscal which is up by 50.52 per cent for the corresponding period a year before. The tax collection during 2010-11 was Rs. 688.11 crore only.
 This was revealed today at a meeting which was chaired by Finance Minister, Abdul Rahim Rather.
 Saying that state’s economy largely “depends on the performance” of commercial taxes department, Rather called for effective administration of Excise and Taxation laws which, he said is imperative for multiplication of tax revenue.
 Reviewing the performance of Commercial Taxes Department, Kashmir Division at a marathon 6 hour long high level meeting here today, Rather stressed for conducting regular administrative inspections with main thrust on recovery from the tax defaulters.
 He also called for maintaining the records properly adding that punctually of staff should be ensured to redress the grievance of traders. He also directed for rigorously pursuing court cases so that recoveries are effected from the tax defaulters, an official statement said.
 Rather stressed the need for strict discipline in rank and file of the C T department adding that good behaviour with dealers was imperative to ensure their good will.
 The Minister, while appreciating the C.T department for its good performance during the last fiscal, urged for bringing further improvements in the functioning of the field staff by plugging all the loopholes in the system.
 While reviewing the performance of the C.T. department during the last fiscal, it was informed that 2011-12 was a year of extraordinary and unprecedented growth in revenue realization.

Lastupdate on : Sat, 7 Jul 2012 21:30:00 Makkah time
Lastupdate on : Sat, 7 Jul 2012 18:30:00 GMT
Lastupdate on : Sun, 8 Jul 2012 00:00:00 IST