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Telangana achieves 96% target in Commercial Taxes collection

Commercial Taxes Minister Talasani Srinivas Yadav on Monday claimed that the Telangana was second in the country, only after Bihar, in collection of Commercial Taxes.

Addressing a press conference at the State Secretariat here, the minister informed that during 2015-16, an amount of Rs. 32,492 Crore were collected towards Commercial Taxes. However, he said that the government could not achieve the target of Rs. 33,965 Crore and the collections were about 96% of the set target. He said the collections were 17.85% more than previous year. He said Telangana has reached the second position in the country in Commercial Taxes collection.

Talasani said that the State Government had collected Rs. 23,728 Crore during the first 10 months of formation of Telangana State in 2014-15. He said the increase in tax collection was primarily due to changes in the relevant laws. He said corporate hospitals were brought under the purview of Commercial Taxes to prevent theft of Luxury Tax. He said tax was being collected on the rice being sold by Civil Supplies Corporation and Food Corporation of India. He said the Enforcement Wing was strengthened and the services of one Additional SP and 138 Home Guards were being utilised. (INN)