Maharashtra will soon collect Rs 1 lakh crore sales tax: CM Devendra Fadnavis

Devendra Fadnavis said, “Maharashtra, with its status as a leading industrial state coupled with a strong administrative network, will cross the Rs 1-lakh-crore mark for sales tax collection in a few years.”

By: Express News Service | Mumbai | Published:October 2, 2016 2:50 am
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Maharashtra is set to achieve its ambitious target of Rs 93,000-crore sales tax collection in the year 2016-17, Chief Minister Devendra Fadnavis said Saturday.

Speaking at the sales tax annual day, Fadnavis said, “Maharashtra, with its status as a leading industrial state coupled with a strong administrative network, will cross the Rs 1-lakh-crore mark for sales tax collection in a few years.”

Addressing the conclave, which comprised administrative officials and payee industries, the CM said, “The department will have to break the old stereotypes of mindset and functioning. We cannot confine ourselves to the old government conservation system. Our approach will have to be broad, based on the concept of ‘mitra’ (friends). Both the government, represented by the sales tax department, and those entrepreneurs and industries paying the tax, should work towards a common goal of generating more revenue, which can be used for welfare schemes.”

Fadnavis added that Maharashtra, with an annual expenditure budget of Rs 2,56,992 crore, was way ahead of all other states in the country.

Referring to the challenges ahead in enforcing the Goods and Services Tax regime, the CM said, “While states always have to work on constraints while enforcing new taxes, GST will surely bring in greater transparency and accountability.”

The sales tax conclave was inaugurated by Governor Ch Vidyasagar Rao along with Fadnavis and others. The governor described Maharashtra as the growth engine of country, and lauded the transition to uniform tax system through GST.

Earlier, state finance minister Sudhir Mungantiwar said, “It is my endeavour to check the leakages that often lead to huge tax evasion. However, the sales tax department, which has some of the most upright and sincere officials, will work harder to mobilise the revenue in the coming years.”