Hyderabad: Commercial Taxes Minister Talasani Srinivas Yadav has claimed that the income from Commercial Taxes was on the rise in Telangana State.
Replying to a question raised by MLA Goverdhan Baji Reddy during Question Hour in State Legislative Assembly on Tuesday, the minister said that the revenue from Commercial Taxes in Telangana was around Rs. 18,000 crore in the united Andhra Pradesh, it increased significantly after the formation of new State. As against the estimates of Rs. 27,777.92 Crore in 2014-15, the Revenue Receipts were Rs. 22,949.14 Crore. Similarly, as against the estimates of Rs. 33,497.00 Crore, the collection was Rs. 27,868.68 Crore up to February 2016. This figure is likely to increase as the financial year is yet to be closed.
Talasani said that Chief Minister K. Chandrashekar Rao was directly monitoring the revenue collections and has been giving necessary directions to officials on regular basis. He said several steps were taken for effective collection of Commercial Taxes. They include modernisation of check posts, invoice tracking of purchases and sales data of the business, strengthening of enforcement activities and filling up vacancies in the department.
The minister said a team was also sent to Maharashtra to study their model and the best practices would be adopted in Telangana State. He said a high-level committee, led by the Chief Secretary, has been constituted to suggest measures to increase the revenues. He said that the State Government has also sanctioned Rs. 2 Crore budget to be provided to informers as reward. (INN)