mpnewsflash.com
Advertisement
Business

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.