State posts 25% revenue growth from own tax sources during 2017-18

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Bhubaneswar: The revenue collection of Odisha from its own tax sources has gone up by 25.51% during 2017-18 over the last fiscal.

This was revealed during a high level meeting presided over by chief secretary Aditya Prasad Padhi at the State Secretariat here on Tuesday.

The meeting deliberated on collection of revenue from different sources during the year 2017-18 and fixation of target for the current year.

Reviewing the trend of revenue collection, Padhi directed the departments to focus on collection of arrear revenue on different establishments. The departments were further advised to make ‘case to case analysis’ of the long pending cases and finalize those on the basis of one-time settlement.

Principal Secretary, Finance Tuhin Kanta Pandey appraised that the total revenue collection from own tax sources reached Rs 28,682.56 crore during the year 2017-18 thereby recording a growth of 25.51% over the last year.

The major sources of own tax  includes the professional tax, land revenue, stamp & registration fees, state excise, commercial taxes including GST share, vehicle taxes and  electricity duties.

Pandey further informed that the revenue collection from non-tax sources during the same fiscal has also reached Rs 8047 crore. The major sources of non-tax revenue include mining royalty, industrial water rate, irrigation water rate, interest and dividend from various sources and other departmental receipts.

The overall tax generation from both the tax and non-tax sources has shown a growth of around 19% with a total collection of Rs 36,729.51 crore during 2017-18.

Deliberating on various revenue prospects of the state for the current fiscal, the chief secretary directed to scale up the total revenue generation by 10% over the 2016-17. The departments were asked to work out their revenue generation road map accordingly.

Deputy Secretary, Finance, Satya Ratha said at present, about 92% of the states’ own revenue is being received electronically”. Electronic mode of payment has been rolled out in commercial tax, mining revenue, excise duty, electricity duty and inspection fees, motor vehicle tax, stamp & registration fees, land revenue, industrial water rate, forest royalty and GO-SWIFT Single Window Portal. This has saved the tax payers from running to offices for payment of tax. It has also led to easy monitoring of revenue flow, detection of default and creation of an electronic revenue data base with less paper work.

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