Karnataka

Revenue collection in State satisfactory: CM

Chief Minister B.S. Yediyurappa on Wednesday expressed satisfaction over revenue collection in the State so far.

“Overall, the tax collection has been satisfactory. I have directed officials to increase the collection by at least ₹1,000 crore to ₹2,000 crore. Although there is an economic slowdown, we are much better compared to other States,” he told presspersons after chairing a meeting to review tax collection in the State on Wednesday.

The Commercial Taxes Department has so far collected ₹33,618 crore revenue, which amounts to 44.2% of the targeted ₹76,046 crore for the current fiscal. Compared to last year’s tax collection in the corresponding period, the revenue has increased by 20.3%, he said.

“GST collection too has increased by 14.3%. When it came into force, 4.51 lakh companies were enrolled under the GST. Now, the number of companies enrolled has gone up to 8.16 lakh, which is 100% more,” he said.

Stating that 64,000 licences have been cancelled for showing negligence in paying GST, the Chief Minister said: “I have directed the officials to carry out regular inspection, subsequent follow-ups and strict scrutiny of e-way bills. Till now we have scrutinised 44 lakh e-way bills.”

On the excise revenue collection for the year 2019-20, he said of the targeted ₹20,950 crore, ₹ 9,145.36 crore was collected by August-end. This is 43.65% of the target, he said.

“Against the revenue target of ₹11,828 crore from the Stamps and Registration Department, the collection has been ₹4,620.39 crore. The revenue target from mining is ₹3,550 crore of which ₹1,314 crore has been achieved so far,” the Chief Minister added.

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Printable version | Jun 1, 2020 2:04:02 AM | https://www.thehindu.com/news/national/karnataka/revenue-collection-in-state-satisfactory-cm/article29395120.ece

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