This ad will auto close in 10 seconds

Bihar clocks 29% hike in commercial tax collection: Modi

Last Updated: Sunday, April 14, 2013 - 08:05

Patna: In another first in the country, tax collection in Bihar in the 2012-13 fiscal jumped to 29 percent, Deputy Chief Minister Sushil Kumar Modi said on Saturday.

"The achievement becomes all the more impressive considering that the world was witnessing an economic slowdown," Modi, also the finance minister, told a review meeting of the commercial tax department here.

Other states registered a growth rate of 16-17 percent when Bihar saw a 29 percent hike, Modi said, adding that 60 percent of the total revenue collection came from commercial tax collection.

Reeling out figures, he said commercial tax in the state leap-frogged from Rs 6,600 crore to Rs 11,000 crore in the last six years reflecting the state`s march towards development.

He said this could be achieved due to computerisation, efficient working at check posts and tracking of freight vehicles.

Increase in supply of cement, iron, steel and timber due to boom in the construction business also multiplied tax collection, he added.

Modi said computerisation of the entire network cut down corruption and also provided service to traders at home itself.

He said online scrutiny of returns service would be launched soon in the state.


First Published: Sunday, April 14, 2013 - 08:05
comments powered by Disqus