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| Noose to tighter against chronic tax evaders, drive in offing | | |
Early Times Report
Jammu, October 20
The Finance Minister, Abdul Rahim Rather, has issued instructions to the concerned Government agencies to concentrate on recovery of tax arrears which would help the state to generate additional resources.
Official sources today disclosed that these instructions were issued after the Finance Minister reminded these agencies that he had imposed a dose of fresh taxes in the current financial year's budget proposals only on the assumption that the tax revenue in the state would increase.
Sources said that the Finance Ministry hopes to collect Rs.3111 crores as tax revenue during the current financial year coared to Rs.2693 crores last year.
Similarly the VAT collections are estimated at Rs.2066 crores during the current financial year compared to Rs.1853 crores last year. Similarly the Excise revenue is expected to increase to Rs.260 crores against Rs.250 crores last year. ‘Taxes on goods and passengers are expected to touch Rs.316 crores in comparison to Rs.297 crores last year, sources said. Even the non-tax revenue has been estimated at Rs.1219 crores against Rs.1127 crores last year
Since the expected increase in the tax revenue was not going to help the Government to generate added internal resources because of the hike in the expenditure which include current year's non-plan salary and pension provisions.As per the official report the expenditure on the non-plan salary provision will touch Rs.6594 crores in comparison to Rs.4973 crores last year.Additional provision of Rs.121 crore has been kept for the salries of migrant employees.The Government has also directed the Power Development authorities to intensify effolrts forf r ecovery of power tariff from the consumers.Inst ructions have been given to the PDD to ensure that power tariff arrears with the Government departments was r ealised on time as the state had to make a big provision of Rs.1996 crores on purchase of electrical energy and another R s.1412 crores have been earmarked for meeting the requirement on pension and retirement benefits.
Another instruction has been issued to the corporations and the civic bodies to generate resources so that their dependence on Government financial support was reduced. Those public sector corporations,which continue to be in the red,have been asked to adopt austerity measures so that the Government was not forced to increase financial support year after year. The Government wants to ensure that departments took steps that would promote financial discipline.
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