J&K registers 20 PC increase in tax revenue

Srinagar: Calling upon the officers of commercial Tax (CTs) for coordinated efforts to watch the states revenue interests, Minister for Finance and Ladakh Affairs Abdul Rahim Rather has asked them to effect maximum possible revenue realisation by effectively curbing tax evasions.
”All the Commercial Taxes Officers (CTOs) should make individual as well as collective efforts to increase tax revenue, without un-necessary harassment to anyone and ensure regular follow up to audit assessments and inspections”, Mr Rather said while speaking at a performance review meeting of Commercial Taxes department,Kashmir Division held her yesterday.
Mr Rather said strict follow up to audit assessments and inspections was essential to assert authority of the department.
However, he warned that any laxity in this connection would be reflected in the Annual Performance Reports (APRs) of the concerned officers.
While appreciating performance of the department on account of revenue realisation, which has increased from Rs 2231.24 crore in 2009- 2010 to over Rs 2674.99 crore in 2010- 2011 in the state, Mr Rather urged for further improving the overall performance of the department.
There should be no complacency in this regard, he said.
Commissioner, CTs G A Pir while giving a resume about the performance of the department informed that the revenue target for the last fiscal has been achieved in full.
He said some CT circles have even surpassed the targets which include ”Kargil” showing an increase of 71 per cent, circle Pulwama 65 per cent and Kupwara Circle registering an increase of 40 per cent.
He said Rs 65.05 lakh have been realised on account of penalty against 591 inspections conducted during the last fiscal.
He said 1604 new dealers have been registered whereas 5028 Tax Assessment cases have been disposed off under VAT and 6322 Assessment cases disposed off under GST.
He said over Rs 9.68 crore has been realized against GST and Rs 59.36 lakh against VAT arrears.
”Out of 6400 cases seized by the authorities, 5946 cases have been disposed off”, Mr Pir added.
It was informed that a revenue of over Rs 688 crores has been realized in Kashmir Division during last financial year against Rs 591 crore in 2009-10.