Archive for the 'VAT' Category

Increase in tax revenue for Orissa

Odisha govt. action, Taxes, VAT Comments Off on Increase in tax revenue for Orissa

Following is from a report in orissadiary.com.

… Sri Ghadai told the Media persons that During the Current financial year up to the month of December 3646.75 Crore has been collected. During the last year it was 3069.81 Crore. … The target of collection has been fixed to Rs. 5099.98 Crore up to the month of March. The Sales Tax officers should effort heartly to achieve the target.If it will be worked out it will be increased from 5500 to 5600 crore. The Sales Tax officers were instructed to discuss with the traders those are not filling returns. He said that the Collection of Value Added Tax (VAT) has been increased.Up to the month of December it has been collected 2745.51 Crore and it was 2226.39 during the last year . So it has been increased 23.32 percent.But this increase will reach at 25 percent. Similarly CST has been collected up to the month of December is 397.80 crore where as during the last year it was collected 368.35 crore .It shows increase of 7.99 percent.The entrance tsx has been collected 443.29 crore where as during the last year it was collected 421.50 crore.It shows increase of 5.17 percent.The profession Tax has been collected 58.57 crore as against 51.81 crore which is increase of 13.5 percent. 

Commercial tax collection of Orissa

Central Sales tax, Commercial taxes, Entertainment tax, Professional tax, Taxes, VAT Comments Off on Commercial tax collection of Orissa

Following is an excerpt from a report in Pragativadi.

The state government has set an ambitious target on collecting commercial taxes to the tune of Rs 6,100 crore during the current fiscal.

… the target collection would be about 16.81 per cent more than the last year’s collections.

… The state government was able to collect Rs 5,222 crore during 2007-08, including Rs 380 crore received from the Centre towards the compensation for reduction of Central Sales Tax (CST).

The collections from value added tax (VAT), central sales tax (CST), entry tax, entertainment tax and professional tax was Rs 4,842 crore during last fiscal. The target fixed for collection for 2007-08 was Rs 4,641 crore.