J&K commercial tax dept garners Rs 2,888 cr revenue in Apr-Oct
Jammu: 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, PI 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.
Rather laid emphasis on recovering the arrears with full
might of law. He also reviewed the progress of the two committees, constituted for vigorous and effective recovery of arrears.
He said the performance of officers shall be judged by two important indicators which include their attitude and behaviour with tax payers, which in all circumstances should be human and dignified.
Every dealer/ tax payer has to be treated with dignity and honour, he added.
Their effective contribution with regards to recovery of arrears shall be another benchmark for their performance, Rather said.
He told officers that he shall again review the progress of the department in coming days with two Deputy Commissioner Commercial Taxes (Recovery) and Commercial taxes Officers.
Rather said he appreciated the department for its overall satisfactory performance.
There was a scope for bringing further improvements and reforms in the tax system, he added.
The Commissioner Commercial Taxes, Kifayat Hussain Rizvi said officers of the department would leave no stone unturned to come up to the expectations of the government.
"Our effort would be not only to achieve the assigned targets, but to surpass these," Rizvi said.
He said the department has an ambitious goal to realise a revenue of Rs 3,300 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 stamp duty during the current fiscal.