Jammu, May 29: A record tax collection of around Rs 1000 crore has been made in Jammu and Kashmir during the last financial year as against Rs 10 lakh in 1962 and Rs 129 crore in 1990, the state's financial commissioner said here. This quantum jump in tax revenue realisation has become possible with better tax collection management and cooperation of the business community, financial commissioner Mohammad Shafi Pandit said.
Briefing Chief Minister Mufti Mohammad Sayeed here last evening, Pandit said against the national tax collection average of Rs 844 per capita, this average in J&K has gone up to Rs 852.
Pandit said, "We want to make Jammu and Kashmir a benchmark in tax collection in the entire country by making the system hassle and corruption-free." He said tax collection would gain further momentum with the computerisation of the system.
A plan has been formulated for setting up a modern and fully computerized plaza at Lakhanpur and work on it would start shortly, he said. Regarding VAT regime, he said it promises a much higher revenue collection besides being tax payer-friendly. Bureau Report