Education

TN commercial tax collection will touch Rs 41,000 crore: Minister

Our Bureau Chennai | Updated on December 23, 2011 Published on December 23, 2011

Levy till November at Rs 25,055 crore

The Tamil Nadu Minister for Commercial Taxes and Registration, Mr S.S. Krishnamoorthy, said the commercial tax collection for the current financial year will reach Rs 41,000 crore. An official press release, quoting the Minister, says the tax collection up to November 2011 was Rs 25,055 crore against Rs 20,378 crore in the corresponding previous year period.

On the “Samadhan Scheme” introduced in November 2011 for the expeditious settlement of pending arrears under TNGST and CST Acts, the Minister told officers concerned to involve themselves in maximising collections. According to him, commercial taxes contribute about 70 per cent of the State's own revenue.

The release also added that the Chief Minister, Ms Jayalalithaa, has stressed the need for greater use of information technology in the commercial tax department and has allotted Rs 230 crore for upgrading offices with necessary IT infrastructure to provide end-to-end automation.

Several other initiatives were also undertaken to strengthen the enforcement machinery to control tax evasion for better revenue flow. There is a proposal to set up a well-equipped check post at Pethikuppam and provide hand-held terminals to the Enforcement Wing officers at that point. The Minister also assured that the Government will ensure that adequate facilities are provided to the Commercial Taxes Department to enable effective functioning and greater facilities for tax payers, the release added.

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Published on December 23, 2011
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