3 Fold Increase in Tax Revenue helped Greatly in State’s Development: Rather

KL Report

SRINAGAR

Asserting that  J&K  has    registered   three-fold  increase in  tax   collection  during the last five and a  half years,  Minister  For Finance and Ladakh Affairs, Abdul Rahim Rather said  the tax  revenue has  touched a high of  over  Rs 7000 cr during current fiscal against  Rs 2600 cr in  2008- 2009 when the  present Government took over.

He said J&K has been  acclaimed by the highest institutions  at national level  including  Planning Commission of India (PCI), Finance Commission (FC), Empowered Committee of State Finance Ministers , Principal Accountant General  and the  Union Ministry of  Finance for achieving  this  landmark  and unprecedented  tax growth, which  is highest in the whole  country, an official statement said on Sunday.

“The many-fold increase in tax revenue has considerably helped to accelerate the tempo of development in the state,” said Rather.

Speaking to state run Doordarshan News after taking daylong  quarterly performance review of the Commercial Taxes Department,(CTD) Kashmir Division at  a meeting held here today, Rather  said  that  it is the  major  revenue  earning department which plays a pivotal role in the economic  scenario of the state.

He said compliance to the performance indicators has been made mandatory for the officers and field agencies of the CTD that has greatly helped in ensuring accountability and tangible improvement in its overall functioning, the statement informed.

He said at each quarterly review   meeting, the concerned Deputy Commissioners and Commercial Taxes Officers (CTOs) are supposed  to show  their  achievement against each  performance indicator  which inter- alia  becomes basis for his APRs , promotions  and postings, it said.

Earlier, taking circle-wise review  of the performance of  CTOs, the Finance Minister  enjoined upon them to conduct extensive inspections of  business establishments  under their jurisdictions adding that it will  greatly  help to  enhance  tax compliance among  the traders  besides improving impact of the department and revenue earnings.

Rather also called for a vigorous drive   to recover tax arrears stressing that stern action is needed against   wilful defaulters and tax evaders without any favour, it further said.

While urging for a strict monitoring mechanism to check pilferage in tax collection system, the Finance Minister asked the CTOs    not only to accomplish their assigned targets but try to surpass these.

He asked them to pursue stay cases vigorously in various courts so that blocked outstanding tax money is recovered in the larger interests of the state.

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