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17% rise in Gujarat tax collection

Press Trust of India Ahmedabad | Updated on April 22, 2011 Published on April 22, 2011

Direct tax collections in Gujarat for financial year 2010-11 stood at Rs 17,782.50 crore against the Rs 15,239.70 crore a year ago, showing a year-on-year growth of 16.69 per cent.

The tax mop-up was lower by little less than 2 per cent of the revised budgetary target allocation for the fiscal.

“Last year was a successful year when the revised target was almost reached. This year it was little less than 2 per cent, as the revised target was missed by a whisker,” Gujarat's Chief Commissioner of Income Tax, Mr R N Tripathi, said.

The revised target of Gujarat for 2010-11 was Rs 18,136 crore, up from original allocated target of Rs 17,136 crore.

The corporate tax collection (industry) during 2010-11 stood at Rs 11,024 crore against Rs 9,044.30 crore a year ago, a growth of 21.90 per cent.

Refunds

“The refunds have been higher this year, a move by which the department shall be saving on the interest payouts.

Nearly 90 per cent of target allocated by Central Board of Direct Taxes on refund payments has been achieved,” he said. “Refunds of Rs 193.60 crore were released within 21 days, between April 4 to 21,” Mr Tripathi said.

According to the Gujarat income tax department, the pendency of refunds in Gujarat was 2,64,788 cases as of March 31, 2010, out of which 2,26,495 refunds were issued up to April 20 this year.

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Published on April 22, 2011
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