The Rajasthan Government's Commercial Taxes Department is likely to set a record in Value Added Tax (VAT) earnings this year following concerted steps taken for procedural reforms, e-governance, deemed tax assessment and honours awarded to leading tax payers. State Commercial Taxes Commissioner Niranjan Arya said here on Thursday that the department is likely to earn VAT amounting to Rs.16,000 crore by the end of the current financial year. This would mean a growth rate of 27 per cent in 2011-12 against 24.26 per cent in 2010-11. Mr. Arya said the department had emerged as an important wing of the government making a major contribution in revenue earnings. Revenues earned from sale of petrol and diesel continue to comprise 28 per cent of the total VAT earnings, he added.
The Commissioner pointed out that the State Government had been consistently promoting trade activities over the years and had launched special campaigns for refunds as well special drives for publicity and felicitations.
Likely to 16,000 cr by end of current financial year This would mean a growth 27 per cent over last year
Likely to 16,000 cr by end of current financial year
This would mean a growth 27 per cent over last year