Rs 9624.63 Cr realized as tax in last 2 years

KL Report

SRINAGAR

Minister for Finance and Ladakh Affairs, Abdul Rahim Rather Tuesday informed the Legislative Assembly that Government has realized revenue of Rs. 9624.63 crore as tax collections during last two fiscals through Excise and Commercial Taxes Departments in the State.

Replying to a question of Harsh dev Singh, the Minister informed that Rs. 7117.61 crore were realized in Jammu Division while as Rs. 2507.01 crore stand realized in Kashmir Division in the form of different tax collections during the said period.

The Minister informed that in Commercial Taxes Department the value of taxable Imports was Rs. 57313.53 crore while as value of taxable Exports was Rs. 25050.21 crore and taxes were realized as GST, VAT and Entry Taxes to the tune of Rs. 6251.98 crore during last two fiscals.

Rather said that no tax is being recovered under the J&K Urban Immoveable Property Tax Act, as the Act stands repealed by the Government.

The Finance Minister as regards the Excise Department said that adequate supervisory field staff has been deployed to check the menace of tax evasion at manufacturing and whole sale levels. He said task force has been constituted under the supervision of Deputy Excise Commissioners (Executive) Jammu/Kashmir and Deputy Excise Commissioners Distilleries Jammu for checking evasion of tax. He said 710 toll evasion cases were detected at Toll Post Lakhanpur during last two years and against them a fine of Rs. 44.73 lakh was imposed.

Rather said that Rs. 30.39 crore has been realized as security/penalty from 31479 dealers/firms found violating provisions of J&K VAT/GST Act during last two fiscals.

LEAVE A REPLY

Please enter your comment!
Please enter your name here