The Commercial Taxes Department (CTD) has realised a revenue of over Rs 2,888.61 crore during the first seven months of the current fiscal in Jammu and Kashmir.
In a significant achievement, the CTD has collected a revenue of over Rs 2,888.61 crore during the first seven months ending October, 2012 of the current fiscal compared to Rs 2,280 crore realised during the corresponding period of last financial year - an increase of 26.66 per cent, Additional Commissioner CTD, P I Khateeb said on Monday.
Khateeb, who made a presentation before Finance Minister Abdul Rahim Rather, said the department has an ambitious target to earn a revenue of about Rs 4,123 crore during the current financial year, which will be an all-time high.
Khateeb informed that the Jammu Division of Commercial Taxes department has achieved 69.48 per cent of targeted revenue in the first seven months of the current fiscal by realising a revenue of over Rs 2,021.19 crore against a target of Rs 2,909.15 crores for the current financial year.
It was stated that the department has realised an amount of Rs 1,614.64 crore on account of sales tax (VAT, GST, CST, Entry Tax) up to October against a target Rs 2,230.89 crore for the current financial year.
This marks a 72.37 per cent achievement against 60.82 per cent 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 was realised up to October this year.
Revenue realisation on account of Passenger Tax has been to the tune of Rs 6.65 crore upto ending October 2012, against a target of Rs 8.26 crore - marking an achievement of about 80.50 per cent against 79.78 per cent during the corresponding period of last fiscal.
It was informed that 1767 more dealers were registered up to October this year.
Speaking on the occasion, Rather said that CTD enjoys the premier position as the highest-tax earning department of the state.
The state’s economic stability largely depends on the performance of the department, he added.
He asked the officers and field agencies to work with dedication and total commitment as it is their paramount duty to increase the revenue through proficiency and efficiency.
He asked them to plug tax pilferages effectively and conduct sustained tax recovery drives against the wilful tax defaulters.
He also called for an effective monitoring mechanism to get hold of tax evaders and enjoined upon the concerned authorities to vigorously pursue the cases pending in courts.
Rather also called upon the officers of the Commercial Taxes Department to set high standards in public relations while dealing with the traders and tax payers.
No genuine tax payer should feel harassed unnecessarily, he added.