CT deptt realizes Rs 2900 cr tax revenue

No genuine taxpayer should feel harassed: FM

GK NEWS NETWORK

Jammu, Nov 19: In a significant achievement, the Commercial Taxes Department has realized a revenue of Rs 2888.61 crore in the first seven months (ending October 2012) of the current fiscal against Rs 2280 crore collected during the corresponding period of last financial year, marking an increase of 26.66 per cent.
 The department has an ambitious target to get Rs. 4123 crore tax revenue during the current financial year in J&K, which is an all time high revenue growth.
 This was stated at a six hour marathon quarterly review meeting of the Commercial Taxes Department, Jammu Division held at Excise and Taxation Complex, Jammu today under the Chairmanship of the Minister for Finance and Ladakh Affairs, Abdul Rahim Rather.
 In a power point presentation made by P.I.Khateeb, Additional Commissioner Commercial Taxes (Administration) Jammu, it was informed that the Jammu Division of Commercial Taxes department, has achieved 69.48 percent of targeted revenue in the first seven months of the current fiscal by realizing Rs 2021.19 crore during the same period against a target of Rs 2909.15 crore for the current financial year.
 It was stated that the department has realized an amount of Rs. 1614.64 crore on account of sales tax (VAT, GST, CST, Entry Tax) up to ending October against a target Rs. 2230.89 crore for the current financial year marking 72.37 percentage achievement against 60.82 percent registered during the corresponding period of last fiscal.
 Similarly, against a target of Rs. 670 crore revenue on account of Motor Spirit Tax (MST) during the current fiscal about Rs. 400 crore stands realized up to October this year. Revenue realization on account of  Passenger Tax has been to the tune of Rs. 6.65 crore up to ending October 2012, against a target of Rs. 8.26 crore, marking an achievement of about 80.50 percent against 79.78 percent  during the corresponding period of last fiscal. It was informed that 1767 more dealers were registered up to ending October this year.
 Speaking on the occasion Rather said that Commercial Tax Department enjoys the premier position as the highest tax earning department of the state adding that the state’s economic stability largely depends on the performance of the department.
 He asked the officers and field agencies to work with dedication and total commitment as it is their paramount duty to increase the revenue by dint of their proficiency and efficiency.
 Rather also called upon the officers of the Commercial Taxes Department to set high standards in public relations while dealing with the traders and taxpayers adding that no genuine taxpayer should feel harassed unnecessarily which, he said, will not be tolerated.
 Commissioner Commercial Taxes, Kifayat Hussain Rizvi assured the Minister that officers of the department would leave no stone unturned to come up to the expectations of the government, adding that “our effort would be not only to achieve the assigned targets, but to surpass these”.
 He said the department has an ambitious goal to realize a revenue of Rs. 3300 crore on account of Sales Tax/VAT, Rs. 670 crore on account of MST and Rs. 1100 crore on account of Passenger Tax and about Rs. 142  crore as stamps duty during the current fiscal.

Lastupdate on : Mon, 19 Nov 2012 21:30:00 Makkah time
Lastupdate on : Mon, 19 Nov 2012 18:30:00 GMT
Lastupdate on : Tue, 20 Nov 2012 00:00:00 IST




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