Odisha Records Revenue Collection Growth of 15.37 percent in 2012 – 2013

Bhubaneswar: The total Tax & Non-Tax revenue collection in the State has recorded a growth of 15.37% over last year with augmentation of around Rs. 22,942 Cr. This has come to light in a high level meeting held under the Chairmanship of Chief Secretary Bijay Kumar Patnaik in the secretariat conference hall yesterday wherein Development Commissioner and Finance Secretary Jugal Kishore Mohapatra presented the revenue scenario of the State for discussion.

Out of this total of Rs.22,942 Cr. Tax Revenue is around Rs 15,150 Cr. and Non-Tax Revenue is around Rs7792 Cr. The growth rate in Tax Revenue is 12.70% and the growth rate in non-tax revenue is 20,945 making a total of 15.37% growth rate in revenue augmentation. In the last year (2011-12) the total revenue augmentation was Rs.19,885.76 Cr.

Available data shows because many reformative measures implemented by Finance Department, the revenue augmentation in State has followed a consistent growth over last 6 years. In 2007-08 the total revenue collection was Rs 9,509.67 Cr. which grew up to 11,171.36 Cr. in 2008-09. With consistent growth in each subsequent year, now it has reached the mark of Rs.22942.24 Cr. The major sources of Tax Revenue includes the sectors like land revenue, stamps and registration, excise, sales tax, vehicle tax, entry tax, electricity duties. The measures sources of Non-Tax revenue include mining royalty, forest & wild life, water rate, irrigation & industrial water rate, water supply & sanitation, interests & dividend and other departmental receipts.

The issues relating to amendment in stamp duty rules, legislation for forest department tax, rate rationalization of motor vehicle tax, comprehensive legislation on apartment ownership, e-auction of excise shops were discussed in the meeting. Chief Secretary has advised the Finance Department to augment revenue from general trade by way of raising awareness among the people to demand receipts against the purchases they make. Sale tax Commissioner has been advised to initiate steps for making computer generated receipts mandatory. Patnaik has directed excise and sales tax department to scale up their enforcement activities and enhance the revenue generation.

The revenue target for 2013-14 has been proposed at Rs.26,500 Cr with tax revenue of Rs.18,500 Cr. and non-tax revenue of Rs.8000 Cr. Chief Secretary Patnaik has also advised the concerned departments to enhance their non-tax revenue by way of streamlining and ensuring qualitative delivery of services. The measures for additional resource mobilization were discussed in meeting. Chief Secretary has advised to implement the reformative measures and augment revenue collection for sustaining higher plan outlay laid down for accelerating the growth. Pr. Secretary Water Resources Suresh Chandra Mohapatra, Pr. Secretary Revenue & Disaster Management Taradatt, Pr Secretary, Forest & Environment R.K.Sharma, , Pr. Secretary, Steel & Mines Rajesh Verma, Sales tax Commissioner Manoj Ahuja along with other senior officers participated in discussions.


Leave a comment

Your email address will not be published. Required fields are marked *