Business / बिज़नेस

Revenue of Rs 29 thousand 424 crore generated from Commercial Tax

Bhopal. Revenue of Rs 29 thousand 424 crores has been generated from Commercial Tax in Year 2017-18 in the state. This revenue is five times more compared to year 2006-07. Revenue of Rs 6,243 crore was generated from commercial tax in the year 2006-07.

The outstanding recovery of the Commercial Tax Department has also increased. An outstanding recovery of Rs 727 crore has been made by the department in the year 2017-18. The department had made recovery of outstanding amount worth Rs 130 crores in year 2006-07. After registration of tax payers their number has now risen to nearly 3 lakh 92 thousand.

Computerisation of Departmental Tax System - All procedures of the Commercial Tax Department have been computerized. The department has made facilities like online registration, e-payment and e-return to tax payers under the Ease of Doing Business. To promote agriculture in the state, about 96 items used in agriculture under the VAT Act have been kept tax-free. The check posts on the state borders have been closed since July, 2017. This system has facilitated the movement of commodities coming from outside the state.